Detroit, MI – January 2024 Job Market Report – Cautious Optimism Amidst National Slowdown

Overview

The January 2024 jobs report for Detroit, Michigan, painted a picture of cautious optimism. While the national job market showed signs of a slowdown, Detroit added jobs at a modest pace. This comes after a strong December 2023 that saw significant job growth in the city.

Highlights

• Detroit’s unemployment rate remained steady at 5.9% in January, unchanged from December 2023.
• The city added 2,400 jobs in January, following a gain of 4,800 jobs in December.
• Job growth was concentrated in the professional and business services sector, which added 1,200 jobs.

What Industries and Occupations Grew

• Professional and business services (+1,200 jobs)
• Trade, transportation, and warehousing (+800 jobs)
• Leisure and hospitality (+400 jobs)
• Construction showed some positive signs, adding 100 jobs in January.

What Industries and Occupations Shrunk

• Manufacturing (-300 jobs)
• Education and health services (-200 jobs)
• Government (-100 jobs)

Compare to Same Month Last Year

Compared to January 2023, Detroit’s job market has seen significant improvement. The unemployment rate has fallen from 7.1% to 5.9%, and the city has added a net total of 20,400 jobs over the past year.

Compare to Previous Month

Job growth slowed down in January compared to December 2023. However, the overall trend remains positive, with Detroit adding jobs for six consecutive months.

Future Outlook

The future outlook for Detroit’s job market is uncertain. The national economic slowdown could dampen job growth in the city in the coming months. However, Detroit’s strong showing in recent months suggests that the city’s economy is on a path of recovery.

10 Growing Occupations in Detroit

According to the Bureau of Labor Statistics (BLS), the following occupations are projected to have the fastest employment growth in Detroit between 2 and 2032:

1. Home health aides and personal care aides
2. Software developers, applications
3. Registered nurses
4. Solar panel installers
5. Wind turbine service technicians
6. Physician assistants
7. Medical assistants
8. Marketing managers
9. Database administrators
10. Occupational therapists

10 Companies Hiring Now in Detroit

Some of the top employers include:

1. General Motors
2. Ford Motor Company
3. Stellantis
4. DTE Energy
5. Beaumont Health
6. Henry Ford Health System
7. Wayne County Government
8. City of Detroit
9. University of Detroit Mercy
10. Wayne State University

Cited Resources

• Bureau of Labor Statistics