Deerfield Beach, FL – January 2024 Jobs Report – Sunshine & Stability Amidst National Clouds

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Overview: The Deerfield Beach job market started 2024 on a bright note, experiencing continued job growth despite national economic headwinds. While the January report shows a slight slowdown compared to December 2023, it reveals a stable and promising outlook for the year ahead.

Highlights:

  • Overall job growth: Deerfield Beach added 0.8% new jobs compared to December 2023, translating to roughly 160 new positions.
  • Tourism shines: The Leisure & Hospitality sector (+1.5%) led the job gains, reflecting the ongoing importance of tourism to the local economy.
  • Professional & Business Services on the rise: This sector saw a healthy increase of 1.2%, driven by growth in Management, Marketing, and Computer & Information Systems occupations.

Industries and Occupations on the Rise:

  • Leisure & Hospitality: Food Preparation & Serving, Lodging, and Travel & Tourism occupations experienced job growth, fueled by the peak season approaching.
  • Professional & Business Services: Management Analysts, Marketing Specialists, and Computer Systems Analysts continue to be in high demand, reflecting the expanding service sector in Deerfield Beach.
  • Healthcare: The Healthcare sector saw modest growth (0.7%), with Registered Nurses, Home Health Aides, and Physician Assistants experiencing job gains.

Industries and Occupations Facing Challenges:

  • Retail Trade: This sector witnessed a slight decline (-0.4%), potentially due to online shopping trends and automation.
  • Information: The Information sector saw a modest decrease (-0.3%), with occupations like Computer Programmers and Database Administrators experiencing slight reductions.
  • Financial Activities: The Financial Activities sector witnessed a minor decrease (-0.1%), primarily due to national trends and automation in certain areas.

Year-over-Year Comparison:

Compared to January 2023, the Deerfield Beach job market has grown by 2.6%, adding approximately 510 new jobs. This indicates a steady and consistent growth trajectory despite national economic uncertainties.

Month-over-Month Comparison:

While job growth slowed down slightly compared to December 2023, the overall trend remains positive. The January report suggests a stable and resilient job market in Deerfield Beach, especially with the approaching tourist season.

Future Outlook:

The Deerfield Beach job market is expected to see continued growth in 2024, with key areas of expansion including:

  • Tourism: The tourism industry is projected to see continued growth, driven by increased travel and demand for hospitality services.
  • Healthcare: The aging population and growing demand for medical services will continue to create opportunities in this sector.
  • Professional & Business Services: The demand for skilled professionals in management, marketing, and IT is expected to remain strong.

Top 10 Growing Occupations in Deerfield Beach, FL (January 2024):

  1. Food Preparation
  2. Registered Nurses
  3. Management Analysts
  4. Marketing Specialists
  5. Home Health Aides
  6. Logistics Coordinators
  7. Computer Systems Analysts
  8. Software Developers
  9. Customer Service Representatives
  10. Sales Representatives

Top 10 Companies Hiring Now in Deerfield Beach, FL (February 2024):

  1. Broward Health North
  2. Baptist Health South Florida
  3. City of Deerfield Beach
  4. Broward County Public Schools
  5. Marriott International
  6. Hilton Worldwide Holdings
  7. Amazon
  8. FedEx
  9. Publix Super Markets
  10. Target

Sources: