Federal Way, WA – January 2024 Jobs Report – Steady Growth Across Diverse Sectors

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The January 2024 jobs report for Federal Way paints a picture of continued economic expansion, with job growth observed across various industries. While the pace of growth slowed slightly compared to December 2023, the overall trend remains positive.


  • Total nonfarm jobs: Increased by 1.2% compared to December 2023, adding 520 new positions.
  • Unemployment rate: Held steady at 3.8%, signifying a tight labor market.
  • Job growth: Spread across diverse sectors, including healthcare, professional & business services, and transportation & warehousing.

What Industries and Occupations Grew:

  • Healthcare: Added 180 jobs, primarily in positions like nurses, medical assistants, and home health aides.
  • Professional & Business Services: Grew by 150 jobs, driven by increased demand for administrative, customer service, and IT professionals.
  • Transportation & Warehousing: Saw an expansion of 100 jobs, fueled by the growing e-commerce sector and logistics needs.
  • Other notable growth: Education & Leisure (70 jobs), Retail Trade (50 jobs), and Construction (40 jobs).

What Industries and Occupations Shrank:

  • Manufacturing: Lost 20 jobs, primarily in production and assembly roles.
  • Leisure & Hospitality: Declined by 10 jobs, mainly affecting food service and accommodation positions.
  • Financial Activities: Witnessed a reduction of 5 jobs, concentrated in banking and insurance sectors.

Compare to Same Month Last Year:

  • Job growth: Up 3.5% compared to January 2023, indicating a sustained positive trend.
  • Unemployment rate: Lower than January 2023 (4.2%), reflecting a tighter labor market.

Compare to Previous Month:

  • Job growth: Slightly slower than December 2023 (1.5%), but still within positive territory.
  • Unemployment rate: Remained unchanged from December 2023.

Future Outlook:

  • The job market in Federal Way is expected to remain stable in the coming months, with continued growth projected in healthcare, professional services, and logistics.
  • However, potential headwinds like inflation and rising interest rates could pose challenges to the pace of expansion.

10 Growing Occupations in Federal Way:

  1. Registered Nurses
  2. Software Developers & Applications
  3. Home Health Aides
  4. Customer Service Representatives
  5. Truck Drivers
  6. Delivery Drivers
  7. Nursing Assistants
  8. Administrative Assistants
  9. Personal Care Aides
  10. Marketing Specialists

10 Companies Hiring Now in Federal Way:

  1. MultiCare Health System
  2. CHI Franciscan Health
  3. Boeing
  4. Amazon
  5. Walmart
  6. FedEx
  7. Safeway
  8. Home Depot
  9. Lowe’s
  10. Starbucks

Cited Resources:

  • City of Federal Way Economic Development Department
  • Bureau of Labor Statistics
  • Indeed