Cleveland, OH – January 2024 Job Market Report – Employment Gains Continue Across Most Sectors

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Overview

The January 2024 job market report for Cleveland, OH indicates continued growth across most sectors. The unemployment rate held steady at 4.2%, slightly below the national average of 4.3%. This marks the fourth consecutive month of unemployment remaining below 4.5% in the city.

Highlights

  • The professional and business services sector led job growth, adding 1,200 positions in January.
  • Trade, transportation, and warehousing followed closely behind, adding 800 new jobs.
  • Leisure and hospitality continued its recovery trend, adding 500 jobs.

What Industries and Occupations Grew

  • Professional and business services: Management analysts, accountants, and computer occupations saw the most significant gains.
  • Trade, transportation, and warehousing: Retail salespeople, customer service representatives, and transportation and logistics occupations experienced growth.
  • Leisure and hospitality: Food preparation and serving workers, as well as travel and tourism occupations, benefited from increased consumer spending.

What Industries and Occupations Shrunk

  • Construction: Employment in this sector dipped slightly in January, losing approximately 100 jobs.
  • Information: The decline in the information sector continued, with 75 jobs lost, primarily in telecommunications and publishing occupations.

Compare to Same Month Last Year

Cleveland’s job market has grown steadily compared to January 2023. The unemployment rate has decreased by 0.8 percentage points, and the city has added over 8,000 new jobs across various sectors.

Compare to Previous Month

Job growth in Cleveland slowed slightly in January compared to December 2023. The previous month saw an increase of 2,500 jobs, while January added only 1,700 new positions.

Future Outlook

The Cleveland job market is expected to remain stable in the coming months, with continued growth projected in professional and business services, trade, transportation, and warehousing, and leisure and hospitality sectors.

10 Growing Occupations in Cleveland, OH

According to the Bureau of Labor Statistics (BLS) https://www.bls.gov/, the following occupations are projected to experience the fastest employment growth in Cleveland, OH, between 2022 and 2032:

  1. Home health and personal care aides
  2. Solar photovoltaic installers
  3. Wind turbine service technicians
  4. Registered nurses
  5. Licensed practical nurses
  6. Software developers, applications
  7. Database administrators
  8. Physician assistants
  9. Marketing managers
  10. Medical and health services managers

10 Companies Hiring Now in Cleveland, OH

  1. Cleveland Clinic
  2. University Hospitals Cleveland Medical Center
  3. MetroHealth System
  4. Eaton Corporation
  5. Sherwin-Williams
  6. KeyBank
  7. Huntington National Bank
  8. Progressive Insurance
  9. Travelers Insurance
  10. Brush Enterprises

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