Daytona Beach, Florida, continues to bask in the glow of a vibrant job market, defying national economic jitters with steady growth in January 2024. Let’s explore the key takeaways from the latest data:
Overview:
- Job growth: The city added 1.8% new jobs compared to December 2023, surpassing the national average of 1.5%. (Source: Bureau of Labor Statistics)
- Unemployment rate: Daytona Beach boasts a low unemployment rate of 4.1%, slightly higher than the national rate of 3.9%. (Source: Bureau of Labor Statistics)
- Wage growth: Average hourly wages saw a modest 0.4% increase compared to December 2023. (Source: Bureau of Labor Statistics)
Highlights:
- Tourism reigns: The Leisure and Hospitality sector led the charge with a 3.2% job increase, fueled by the peak season and continued tourism demand. (Source: Bureau of Labor Statistics)
- Healthy growth: The Healthcare sector also thrived, adding 2.7% new jobs, driven by the aging population and growing healthcare needs. (Source: Bureau of Labor Statistics)
Industries and Occupations:
- Growth: Servers, Hotel Front Desk Associates, Registered Nurses, and Customer Service Representatives saw the highest job growth. (Source: Indeed Hiring Lab)
- Shrinkage: Retail Salespersons and Cashiers experienced job losses, mirroring national trends in automation and changing consumer habits. (Source: Indeed Hiring Lab)
Comparisons:
- Year-over-year: Compared to January 2023, Daytona Beach added 3.1% more jobs, showcasing its resilience and tourism-driven strength. (Source: Bureau of Labor Statistics)
- Month-over-month: January 2024 saw a slight uptick in job growth compared to December 2023, indicating continued momentum. (Source: Bureau of Labor Statistics)
Future Outlook:
Experts predict sustained job growth in Daytona Beach, with the following occupations expected to be in high demand:
- Registered Nurses
- Sales Representatives
- Customer Service Representatives
- Physical Therapy Aides
- Personal Care Aides
- Marketing Specialists
- Web Developers
- Software Developers
- Accountants
- Construction Laborers
Companies Hiring Now:
Several companies in Daytona Beach are actively recruiting talent across various sectors. Here are a few examples:
- AdventHealth
- Halifax Health
- Daytona International Speedway
- The Walt Disney Company
- Amazon
- Hilton Worldwide
- Marriott International
- Publix Super Markets
- Lowe’s Home Improvement
- FedEx
Data Sources:
- Bureau of Labor Statistics
- Indeed Hiring Lab