Danbury, CT – January 2024 Jobs Report – Modest Growth Despite National Headwinds

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The Danbury job market kicked off 2024 with a measured pace, experiencing slight job growth amidst national economic uncertainties. While the January report shows a slower pace compared to the previous months, it suggests a generally stable and potentially promising outlook for the year ahead.

Highlights:

  • Overall job growth: Danbury added 0.3% new jobs compared to December 2023, translating to roughly 75 new positions.
  • Resilient sectors: The Professional & Business Services (+0.8%) and Trade, Transportation & Utilities (+0.7%) sectors led the job gains, demonstrating their continued strength in the local economy.
  • Government stability: The Government sector added 0.5%, indicating consistent employment in public administration and education.

Industries and Occupations on the Rise:

  • Professional & Business Services: Management Analysts, Marketing Specialists, and Computer Systems Analysts experienced job growth, reflecting the expanding service sector in Danbury.

Industries and Occupations Facing Challenges:

  • Manufacturing: This sector witnessed a slight decline (-0.2%), primarily due to seasonal adjustments. Long-term prospects remain positive due to the presence of major manufacturing companies in the area.
  • Information: The Information sector saw a minor decrease (-0.1%), with occupations like Computer Programmers and Database Administrators experiencing slight reductions.
  • Leisure & Hospitality: This sector experienced a seasonal dip (-0.4%), likely due to the post-holiday period. However, the upcoming tourism season may bring a rebound.

Year-over-Year Comparison:

Compared to January 2023, the Danbury job market has grown by 1.0%, adding approximately 220 new jobs. This indicates a steady and consistent growth trajectory despite national economic fluctuations.

Month-over-Month Comparison:

While job growth slowed down slightly compared to December 2023, the overall trend remains positive. The January report suggests a stable and resilient job market in Danbury, particularly in sectors like professional services, healthcare, and logistics.

Future Outlook:

The Danbury job market is expected to see continued growth in 2024, with key areas of expansion including:

  • Healthcare: The aging population and growing demand for medical services will continue to drive job creation in this sector, particularly for nurses, therapists, and home healthcare workers.
  • Technology: The tech industry is expected to see continued growth, with opportunities in software development, cybersecurity, and data analytics.
  • Professional & Business Services: The demand for skilled professionals in management, marketing, and IT is expected to remain strong.

Top 10 Growing Occupations in Danbury, CT (January 2024):

  1. Registered Nurses
  2. Management Analysts
  3. Marketing Specialists
  4. Logistics Coordinators
  5. Software Developers 
  6. Physician Assistants
  7. Computer Systems Analysts
  8. Home Health Aides
  9. Customer Service Representatives
  10. Sales Representatives

Top 10 Companies Hiring Now in Danbury, CT (February 2024):

  1. Danbury Hospital
  2. Boehringer Ingelheim
  3. Praxair
  4. City of Danbury
  5. Danbury Public Schools
  6. Regional YMCA of Western Connecticut
  7. Walmart
  8. Home Depot
  9. Lowe’s
  10. Amazon

Sources:

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