Dearborn, MI – December 2023 Jobs Report – Employment on the Rise

The December 2023 jobs report for Dearborn, MI, paints a picture of a stable and slightly improving labor market. While some industries experienced contraction, overall employment saw modest growth compared to the previous month and the same month last year.

Overview:

• The unemployment rate in December 2023 was 3.3%, down from 3.9% in November 2023 and 3.7% in December 2022.
• Total nonfarm employment increased by 500 jobs from November 2023 to December 2023.
• Compared to December 2022, total nonfarm employment increased by 1,800 jobs.

Highlights:

• The Trade, Transportation, and Utilities sector added the most jobs, followed by the Professional and Business Services sector.
• The Leisure and Hospitality sector saw the largest job losses.

What Industries and Occupations Grew:

• Trade, Transportation, and Utilities: Transportation and warehousing, and retail trade occupations added jobs.
• Professional and Business Services: Professional and technical services, and management occupations added jobs.
• Education and Health Services: Healthcare support occupations added jobs.

What Industries and Occupations Shrank:

• Leisure and Hospitality: Food service occupations lost jobs.
• Manufacturing: Durable goods manufacturing occupations lost jobs.

Compare to Same Month Last Year:

• The unemployment rate in December 2023 was 0.4 percentage points lower than in December 2022.
• Total nonfarm employment increased by 1,800 jobs from December 2022 to December 2023.

Compare to Previous Month:

• The unemployment rate in December 2023 was 0.6 percentage points lower than in November 2023.
• Total nonfarm employment increased by 500 jobs from November 2023 to December 2023.

Future Outlook:

The future outlook for the Dearborn job market is uncertain. However, some key indicators suggest continued stability and potential growth. The unemployment rate is low, and some sectors are adding jobs. However, global economic factors and the ongoing pandemic could pose challenges.

10 Growing Occupations:

1. Registered Nurses
2. Home Health and Personal Care Aides
3. Retail Salespersons
4. Truck Drivers
5. Software Developers and Applications
6. Physical Therapist Assistants
7. General and Operations Managers
8. Marketing Specialists
9. Financial Analysts
10. Customer Service Representatives

10 Companies Hiring Now:

1. Ford Motor Company
2. American Axle & Manufacturing
3. DTE Energy
4. Beaumont Health
5. Trinity Health Michigan
6. Kroger
7. Meijer
8. Walmart
9. Amazon
10. UPS

Resources:

• Michigan Labor Market Information
• Bureau of Labor Statistics
• Indeed
• Glassdoor