Deerfield Beach, nestled within the Fort Lauderdale-Pompano Beach-Deerfield Beach Metropolitan Division, capped off a robust 2023 with continued job growth in December. While the pace decelerated slightly compared to previous months, the city remained firmly in positive territory, highlighting the region’s economic resilience.
Highlights:
- Non-farm payroll jobs: Added 400 jobs in December, bringing the year-end total to 93,600, a 3.7% increase from December 2022.
- Unemployment rate: Held steady at 2.9%, matching the state average and remaining close to historic lows.
- Labor force: Expanded by 4.3% year-on-year, indicating sustained worker confidence and participation.
What Industries and Occupations Grew:
- Professional and Business Services: The engine of local job creation, adding 1,400 jobs (8.2% growth) in fields like accounting, management consulting, and legal services.
- Education and Health Services: Expanded by 500 jobs (5.4% growth), fueled by healthcare demand and growing educational institutions.
- Leisure and Hospitality: Rebounded with 400 new jobs (4.2% growth), reflecting ongoing tourism recovery and seasonal hiring.
What Industries and Occupations Shrank:
- Construction: Shed 100 jobs (-0.8% decrease), likely due to seasonality and project completion cycles.
- Manufacturing: Remained flat with no net job gains or losses.
Compare to Same Month Last Year:
- December 2023 added 400 jobs, compared to 2,100 in December 2022, showcasing a more measured growth pace.
- The unemployment rate improved slightly year-on-year, dropping from 3.0% to 2.9%.
Compare to Previous Month:
- December 2023 saw a slight slowdown compared to November 2023, which added 500 jobs.
Future Outlook:
While economic uncertainties cloud the national outlook, Deerfield Beach is well-positioned for continued job growth. Strong tourism, professional services expansion, and healthcare demand point towards a positive trajectory in 2024. However, potential interest rate hikes and global economic fluctuations could introduce headwinds.
10 Growing Occupations in Deerfield Beach:
- Registered Nurses
- Software Developers and Programmers
- General and Operations Managers
- Marketing Specialists
- Customer Service Representatives
- Accountants and Auditors
- Physician Assistants
- Construction Laborers
- Janitors and Cleaners
- Retail Salespersons
10 Companies Hiring Now in Deerfield Beach:
- Baptist Health South Florida
- Marriott Vacation Club International
- JM Family Enterprises
- Broward Health North
- Publix Super Markets
- Wells Fargo
- TD Bank
- Marriott Hotel Deerfield Beach
- Hilton Deerfield Beach Resort
- Signature Flight Support
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