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):
- Food Preparation
- Registered Nurses
- Management Analysts
- Marketing Specialists
- Home Health Aides
- Logistics Coordinators
- Computer Systems Analysts
- Software Developers
- Customer Service Representatives
- Sales Representatives
Top 10 Companies Hiring Now in Deerfield Beach, FL (February 2024):
- Broward Health North
- Baptist Health South Florida
- City of Deerfield Beach
- Broward County Public Schools
- Marriott International
- Hilton Worldwide Holdings
- Amazon
- FedEx
- Publix Super Markets
- Target
Sources: