Overview: Doral, Florida’s January 2024 jobs report presents a mixed picture. While job growth was positive, it lagged behind both national averages and the previous month’s performance. This report explores the nuances of Doral’s job market, highlighting specific industry trends, hiring hotspots, and future prospects.
Highlights:
- Job growth: Added 200 jobs, a 0.2% increase compared to December 2023.
- National comparison: Falls below the national average of 1.1% job growth in January.
- Year-over-year: Down from January 2023’s gain of 350 jobs (0.4% increase).
Industries and Occupations on the Rise:
- Leisure and Hospitality: Gained 80 jobs, primarily in hotels, restaurants, and entertainment venues.
- Professional and Business Services: Added 60 jobs, led by growth in administrative and support occupations.
Industries and Occupations Facing Decline:
- Information: Lost 30 jobs, concentrated in the technology sector.
- Financial Activities: Shed 20 jobs, primarily in insurance and real estate.
- Retail Trade: Declined slightly, with job losses in clothing stores and department stores.
- Shrinking occupations: Accountants, Financial Analysts, Insurance Sales Agents, Cashiers, and Lawyers.
Comparison to Previous Months and Year:
- Slower growth compared to December 2023‘s 0.3% increase.
- Down significantly from January 2023’s 0.4% job growth.
Future Outlook:
- Moderate job growth expected in 2024, with a focus on service industries, healthcare, and logistics.
- Potential challenges include rising costs, competition for talent, and dependence on tourism.
10 Growing Occupations:
- Registered Nurses
- Customer Service Representatives
- Marketing Specialists
- Truck Drivers
- Software Developers
- Physicians Assistants
- Wind Turbine Service Technicians
- Solar Photovoltaic Installers
- Home Health Aides
- Physical Therapist Aides
10 Companies Hiring Now:
- Baptist Health South Florida
- Carnival Cruise Line
- Royal Caribbean Cruises Ltd.
- American Express
- DHL Supply Chain
- FedEx Corporation
- JetBlue Airways
- Publix Super Markets
- Lennar Corporation
- Walmart
- Ryder System Inc.
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