Elizabeth, NJ – January 2024 Job Market Report – Mixed Signals Emerge

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Overview:

The January 2024 job market report for Elizabeth, NJ, presents a mixed picture. While some sectors experienced growth, others faced contraction. This report provides a detailed analysis of the city’s employment landscape, highlighting key trends and offering insights for job seekers and employers.

Highlights:

  • The overall unemployment rate remained steady compared to December 2023.
  • Healthcare and social assistance emerged as the leading growing sector, adding a significant number of new jobs.
  • Conversely, the retail trade industry witnessed a decline in employment opportunities.
  • Compared to January 2023, the job market showed signs of improvement, with a slight increase in total employment.

What Industries and Occupations Grew:

  • Healthcare and social assistance: This sector saw significant job growth, driven by demand for nurses, aides, and other healthcare professionals.
  • Professional, scientific, and technical services: This sector also experienced growth, with an increase in jobs for engineers, computer specialists, and other technical professionals.
  • Education: The education sector witnessed moderate growth, primarily due to hiring in support staff positions.

What Industries and Occupations Shrank:

  • Retail trade: The retail trade industry faced job losses, particularly in brick-and-mortar stores.
  • Leisure and hospitality: This industry also experienced a decrease in employment opportunities, likely due to seasonal fluctuations.

Compare to Same Month Last Year:

  • Compared to January 2023, the Elizabeth job market has shown signs of improvement. The unemployment rate has decreased, and total employment has increased slightly.
  • However, the pace of job growth appears to be slowing down compared to the previous year.

Compare to Previous Month:

  • Compared to December 2023, the overall unemployment rate remained steady in January 2024.
  • However, some sectors, such as healthcare and social assistance, continued to add jobs, while others, like retail trade, experienced a decline.

Future Outlook:

The future outlook for the Elizabeth job market is uncertain. While some sectors are exhibiting signs of growth, others face challenges. The overall economic climate and national job market trends will likely play a significant role in shaping the city’s employment landscape in the coming months.

10 Growing Occupations:

  1. Registered Nurses
  2. Nursing Assistants
  3. Home Health Aides
  4. Personal Care Aides
  5. Software Developers, Applications
  6. Customer Service Representatives
  7. Warehouse Workers
  8. Truck Drivers, Heavy and Tractor-Trailer
  9. Business and Financial Operations Specialists
  10. Janitors and Cleaners, Except Maids and Housecleaners

10 Companies Hiring Now:

  1. Trinitas Regional Medical Center
  2. Amazon
  3. The Home Depot
  4. FedEx Ground
  5. Walmart
  6. RWJBarnabas Health
  7. Goya Foods
  8. PepsiCo
  9. Merck & Co., Inc.
  10. NJEA (New Jersey Education Association)