Davenport, IA – January 2024 Jobs Report – Growth Sprouts in Data and Manufacturing 

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The Davenport job market kicked off 2024 with positive momentum, adding 1,457 new jobs in January. This represents a 2.3% increase compared to December 2023 and a 5.1% upswing year-over-year. The unemployment rate dipped slightly to 3.8%, indicating a tightening labor market.

Highlights:

  • The strongest growth came from the information sector, adding 520 jobs, primarily in computer and mathematical occupations.
  • The manufacturing sector also saw significant gains, adding 389 jobs, driven by demand for durable goods.
  • Other notable growing sectors include professional and business services (+215 jobs) and leisure and hospitality (+142 jobs).
  • Declines were minimal, with only the trade, transportation, and utilities sector losing a small number of jobs (-57).

Industry and Occupation Growth:

  • Data-related occupations like data analysts, data scientists, and software developers saw the highest demand, reflecting the growing importance of data analysis across industries.
  • Production and manufacturing jobs, particularly in areas like metalworking and machinery, experienced strong growth due to increased industrial output.
  • The healthcare sector added jobs in nursing, therapy, and other caregiving roles.
  • The hospitality industry saw growth in food service, accommodation, and tourism jobs as travel demand rebounded.

Industry and Occupation Shrinkage:

  • The only notable decline occurred in the retail trade sector, with a small decrease in jobs, likely due to continued shifts towards online shopping.

Comparison to Last Year and Previous Month:

  • Compared to January 2023, Davenport’s job market added 850 more jobs, indicating a healthy pace of growth.
  • December 2023 saw a slight decline of 272 jobs, followed by the January rebound.

Future Outlook:

The Davenport job market is expected to maintain its positive trajectory in 2024. Continued growth in data-driven industries, manufacturing, and healthcare is anticipated. However, challenges like potential economic headwinds and talent shortages could impact the pace of expansion.

10 Growing Occupations in Davenport:

  1. Data Analyst
  2. Software Developer
  3. Registered Nurse
  4. Customer Service Representative
  5. Production Worker
  6. Marketing Specialist
  7. Truck Driver
  8. Sales Representative
  9. Physical Therapist
  10. Teacher

10 Companies Hiring Now in Davenport:

  1. Deere & Company
  2. Genesis Health System
  3. Royal Neighbors of America
  4. Arconic Inc.
  5. Lee Enterprises
  6. The Principal Financial Group
  7. UnityPoint Health – Trinity Rock Island
  8. Von Maur
  9. Fareway Stores Inc.
  10. Modern Woodmen of America

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