December 2023 proved a banner month for Doral’s job market, as robust hiring in the hospitality sector propelled overall employment growth to its highest level in a year. Fueled by the holiday season and continued tourism influx, the city added a significant 2,500 jobs, marking a 1.7% increase in non-farm payrolls. This positive trajectory exceeded both state and national averages, further solidifying Doral’s position as a dynamic employment hub.
Highlights:
- Hospitality boom: Leisure and hospitality establishments led the charge, adding a remarkable 1,200 jobs, representing nearly half of the month’s total gains. Hotels, restaurants, and entertainment venues spearheaded the hiring spree, driven by increased holiday travel and leisure spending.
- Diversified growth: Beyond hospitality, professional and business services contributed with 400 new jobs, while construction added 300. Healthcare and education sectors also saw modest gains, demonstrating Doral’s economic diversification.
- Wage gains: The unemployment rate held steady at 4.2%, while average hourly earnings registered a modest 0.3% increase compared to November. This suggests a tightening labor market with potential for further wage growth in the coming months.
Industries and Occupations that Grew:
- Leisure and hospitality: Hotel managers, chefs, servers, bartenders, housekeeping staff, event planners
- Professional and business services: Accountants, marketing specialists, human resources professionals, administrative assistants
- Construction: Carpenters, electricians, plumbers, construction laborers
- Healthcare: Registered nurses, physician assistants, home health aides
Industries and Occupations that Shrunk:
- Retail: Cashiers, sales associates, stock clerks
- Financial services: Bank tellers, loan officers, investment advisors
- Manufacturing: Production workers, machine operators
Comparison to Same Month Last Year:
Doral’s December 2023 job growth outpaced December 2022 by a significant margin. Last year, the city added only 1,800 jobs, representing a 1.2% increase. This year’s stronger performance indicates a robust economic recovery and growing momentum in key sectors.
Comparison to Previous Month:
Compared to November 2023, December’s job growth accelerated. The city added 500 more jobs in December, highlighting the sustained upward trend in the local labor market.
Future Outlook:
The near-term outlook for Doral’s job market remains positive. Continued expansion in hospitality and tourism is expected, fueled by upcoming events and seasonal demand. Additionally, ongoing infrastructure projects and growing business investment are likely to provide further job opportunities in construction and professional services. However, potential economic headwinds, such as rising interest rates and global uncertainty, could moderate growth in the latter half of 2024.
10 Growing Occupations in Doral (based on projected job growth):
- Registered Nurses
- Software Developers and Programmers
- Marketing Specialists
- Human Resources Specialists
- Construction Laborers
- Chefs
- Physician Assistants
- Accountants and Auditors
- Electricians
- Home Health Aides
10 Companies Hiring Now in Doral:
- Trump National Doral Miami
- Baptist Health South Florida
- DHL Global Forwarding (USA) LLC
- AT&T
- Wells Fargo Bank
- Marriott International
- City of Doral
- Balfour Beatty Infrastructure Group
- Norwegian Cruise Line Holdings Ltd.
- Ryder System, Inc.
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