Dayton, OH – December 2023 Jobs Report – Modest Job Growth Amid Economic Stability

, ,

The December 2023 jobs report for Dayton, Ohio paints a picture of a cautiously optimistic labor market. While job gains were minimal, the unemployment rate continued its downward trend, indicating a stable and recovering economy.

Highlights:

  • The unemployment rate dropped to 3.1%, the lowest level since before the pandemic began.
  • Total nonfarm employment decreased slightly by 1,100 jobs, but remained above pre-pandemic levels.
  • Growth was seen in sectors like healthcare and social assistance, professional and business services, and leisure and hospitality.

Industries and Occupations that Grew:

  • Healthcare and Social Assistance: Added 400 jobs in December, driven by demand for nurses, home health aides, and social workers.
  • Professional and Business Services: Gained 200 jobs, with growth in areas like management, consulting, and technical services.
  • Leisure and Hospitality: Increased by 100 jobs, reflecting the holiday season and continued recovery in the tourism industry.

Industries and Occupations that Shrank:

Comparison to Same Month Last Year:

  • The unemployment rate in December 2023 (3.1%) was significantly lower than December 2022 (4.6%), reflecting a tighter labor market.
  • Total nonfarm employment was slightly higher in December 2023 compared to December 2022, indicating sustained job growth.

Comparison to Previous Month:

  • The unemployment rate declined from 3.5% in November 2023, continuing the downward trend observed throughout the year.
  • Total nonfarm employment decreased slightly from November 2023, indicating a pause in job growth after several months of gains.

Future Outlook:

The future outlook for the Dayton labor market remains cautiously optimistic. While economic headwinds and potential recessions are national concerns, Dayton’s diverse economy and focus on innovation could help mitigate significant downturns. The demand for skilled workers in healthcare, technology, and advanced manufacturing is expected to remain strong.

10 Growing Occupations in Dayton:

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

10 Companies Hiring Now in Dayton:

  1. Fuyao Glass America
  2. Premier Health
  3. Kettering Health Network
  4. University of Dayton
  5. City of Dayton
  6. NCR Corporation
  7. LexisNexis
  8. Kroger
  9. L3Harris Technologies
  10. JPMorgan Chase

Resources: