Concord’s job market continued its positive trajectory in January 2024, defying national trends of slowing economic growth. While the report doesn’t offer an official unemployment rate, job postings and hiring trends suggest a healthy and expanding market.
Highlights:
- Hybrid work opportunities: Concord saw a surge in hybrid job postings, offering flexibility for professionals seeking work-life balance. This trend is likely fueled by the growing presence of tech and financial services companies in the area.
- Manufacturing and healthcare remain strong: These two sectors continued to be major job creators, particularly for skilled trades and healthcare professionals.
- Retail and hospitality see modest growth: The service industry showed moderate job growth, with openings in restaurants, hotels, and retail stores.
What Industries and Occupations Grew:
- Professional and Business Services: This sector saw the most significant job growth, with openings in areas like accounting, finance, and IT.
- Manufacturing: Demand remained strong for skilled workers in production, assembly, and maintenance roles.
- Healthcare: Hospitals, clinics, and home healthcare agencies continued to hire nurses, aides, and other medical professionals.
What Industries and Occupations Shrank:
- Education: The education sector saw some job losses, primarily in administrative and support roles.
- Leisure and Hospitality: While overall growth was positive, some restaurants and retailers experienced seasonal hiring fluctuations.
Compare to Same Month Last Year:
Job growth in January 2024 was slightly slower compared to January 2023, but still positive. This reflects the national trend of a moderating economy.
Compare to Previous Month:
Compared to December 2023, job postings increased, indicating a positive outlook for the coming months.
Future Outlook:
The future of Concord’s job market appears promising. The city’s strategic location, growing tech presence, and diversified economy position it well for continued job growth. However, national economic uncertainties and potential interest rate hikes could pose challenges.
10 Growing Occupations:
- Registered Nurse
- Software Developer
- Customer Service Representative
- Truck Driver
- Sales Associate
- Accountant
- Marketing Specialist
- Construction Worker
- Home Health Aide
- Financial Analyst
10 Companies Hiring Now:
- Atrium Health
- Kannapolis City Schools
- Cabarrus County Schools
- Lowe’s Companies, Inc.
- TIAA
- Novant Health
- Hendrick Motorsports
- Coca-Cola Consolidated
- Food Lion
- Piedmont Natural Gas
Resources:
- Indeed: Indeed Concord, NC Jobs
- ZipRecruiter: ZipRecruiter Concord, NC Jobs
- Glassdoor: Glassdoor Concord, NC Jobs