March 1, 2024

Coral Springs, FL – January 2024 Job Market Report – Hiring Spree Continues

The January 2024 jobs report for Coral Springs, FL, paints a picture of a robust and growing job market. The city’s unemployment rate remained steady at 3.1%, indicating a tight labor market with employers actively seeking qualified candidates.

Highlights

The unemployment rate held steady at 3.1%, remaining below the national average of 3.4%.
Job growth was concentrated in the leisure and hospitality, professional and business services, and trade, transportation, and utilities sectors.
Several high-growth occupations were identified, including registered nurses, customer service representatives, and software developers.

What Industries and Occupations Grew

Leisure and hospitality: This sector added the most new jobs in January, driven by the continued recovery of the tourism industry.
Professional and business services: This sector also saw significant job growth, with gains in occupations such as administrative assistants, accountants, and marketing specialists.
Trade, transportation, and utilities: This sector added jobs in areas like retail sales, transportation, and warehousing.

What Industries and Occupations Shrank

There were minimal job losses reported across most industries in Coral Springs in January.

Compare to Same Month Last Year

The unemployment rate in January 2024 was 0.4 percentage points lower than in January 2023.
Job growth has been steady throughout the past year, with the Coral Springs economy adding jobs in most sectors.

Compare to Previous Month

The unemployment rate remained unchanged from December 2023.
Job growth was slightly slower in January compared to December 2023.

Future Outlook

The job market in Coral Springs is expected to remain strong in the coming months. The city’s growing population and diverse economy are positive indicators for continued job creation.

10 Growing Occupations in Coral Springs, FL:

10 Companies Hiring Now in Coral Springs, FL: