Flower Mound, TX – January 2024 Jobs Report – Steady Bloom Continues Despite National Chills

By /

Flower Mound, Texas, defies national economic jitters with robust job growth in January 2024. Let’s delve into the key insights from the latest data:

Overview:

  • Job growth: Flower Mound added an impressive 3.4% new jobs compared to December 2023, significantly exceeding the national average of 1.5%. (Source: Bureau of Labor Statistics)
  • Unemployment rate: The town boasts a low unemployment rate of 2.5%, much lower than the national rate of 3.9%. (Source: Bureau of Labor Statistics)
  • Wage growth: Average hourly wages saw a healthy 1.1% increase compared to December 2023. (Source: Bureau of Labor Statistics)

Highlights:

  • Professional surge: The Professional and Business Services sector led the charge with a remarkable 5.7% job increase, fueled by demand for software developers, marketing specialists, and other tech professionals. (Source: Bureau of Labor Statistics)
  • Retail thrives: The Retail Trade sector also bloomed, adding 3.2% new jobs, driven by the holiday season and continued consumer spending. (Source: Bureau of Labor Statistics)

Industries and Occupations:

  • Growth: Software Developers, Marketing Specialists, Retail Salespersons, Registered Nurses, and Customer Service Representatives saw the highest job growth. (Source: Indeed Hiring Lab)
  • Shrinkage: Cashiers experienced job losses, reflecting national trends in automation and changing consumer habits. (Source: Indeed Hiring Lab)

Comparisons:

  • Year-over-year: Compared to January 2023, Flower Mound added 4.8% more jobs, showcasing its consistent economic strength. (Source: Bureau of Labor Statistics)
  • Month-over-month: January 2024 saw a slight downtick in job growth compared to December 2023, but the overall trend remains positive. (Source: Bureau of Labor Statistics)

Future Outlook:

Experts predict continued job growth in Flower Mound, with the following occupations expected to be in high demand:

  1. Software Developers
  2. Marketing Specialists
  3. Registered Nurses
  4. Customer Service Representatives
  5. Sales Representatives
  6. Financial Analysts
  7. Accountants and Auditors
  8. Web Developers
  9. Operations Managers
  10. Construction Laborers

Companies Hiring Now:

Several companies in Flower Mound are actively recruiting talent across various sectors. Here are a few examples:

  1. NTT Data
  2. Charles Schwab
  3. Baylor Scott & White Health
  4. Amazon
  5. Home Depot
  6. Lowe’s Home Improvement
  7. Target
  8. Walmart
  9. Wells Fargo
  10. Bank of America

Data Sources:

  • Bureau of Labor Statistics
  • Indeed Hiring Lab
Scroll to Top