Coral Springs, FL – December 2023 Jobs Report – Steady Growth Amidst National Turbulence

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The December 2023 jobs report for Coral Springs paints a picture of continued, albeit moderate, job growth in the South Florida city. While national headlines tout economic uncertainties, Coral Springs appears to be weathering the storm, offering stability and opportunity for job seekers.

Overview:

  • The unemployment rate held steady at 3.2%, remaining below both the state and national averages.
  • December saw the addition of 349 new jobs, bringing the total to 84,021.
  • Job growth for the year reached 2.4%, exceeding the national average of 1.5%.

Highlights:

  • The Leisure and Hospitality industry led the charge, adding 121 jobs, likely fueled by the holiday season tourism boost.
  • Retail trade followed closely with 82 new jobs, indicating continued consumer spending confidence.
  • The Professional and Business Services sector added 67 jobs, highlighting the city’s growing professional landscape.

What Industries and Occupations Grew:

  • Leisure and Hospitality occupations like Waiters and Waitresses, Chefs, and Cooks saw significant growth.
  • Retail Salespersons, Cashiers, and Customer Service Representatives experienced job gains in the Retail Trade sector.
  • Professional and Business Services occupations like Computer and Information Technology Workers, Management Analysts, and Marketing Specialists enjoyed positive growth.

What Industries and Occupations Shrank:

  • Educational Services shed 29 jobs, potentially due to seasonal adjustments.
  • Manufacturing shed 18 jobs, a trend consistent with national data.
  • Construction saw minor job losses, indicating a possible slowdown in the industry.

Compare to Same Month Last Year:

  • December 2023 added 82 more jobs compared to December 2022, reflecting a healthy growth trajectory.
  • The unemployment rate remained slightly lower year-over-year, showcasing consistent stability.

Compare to Previous Month:

  • Job gains in December were slightly lower than those seen in November 2023 (421 jobs).
  • However, the unemployment rate remained unchanged, indicating consistent labor market conditions.

Future Outlook:

  • Experts predict continued, but potentially slower, job growth in Coral Springs in 2024.
  • The Leisure and Hospitality and Professional and Business Services sectors are expected to remain key drivers of job creation.
  • Rising interest rates and inflation could pose challenges, but Coral Springs’ diversified economy may offer some resilience.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers and Applications
  3. Marketing Specialists
  4. Physician Assistants
  5. Personal Care Aides
  6. Home Health Aides
  7. Sales Representatives
  8. Customer Service Representatives
  9. Truck Drivers
  10. Elementary School Teachers

10 Companies Hiring Now:

  1. Siemens Healthineers
  2. The Home Depot
  3. Publix Super Markets
  4. Broward Health Coral Springs
  5. Baptist Health South Florida
  6. FedEx Ground
  7. Amazon
  8. Walmart
  9. Wells Fargo
  10. Bank of America

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