High Point, NC – December 2023 Jobs Report – Mixed Signals Emerge

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The December 2023 jobs report for High Point, NC paints a mixed picture of the city’s labor market. While some positive indicators suggest continued growth, other data points hint at potential challenges ahead.

Overview:

  • The unemployment rate remained steady at 3.2%, matching the November 2023 figure and representing near full employment. Source: Bureau of Labor Statistics: https://www.bls.gov/eag/eag.nc_greensboro_msa.htm
  • Job growth slowed compared to previous months, with an estimated 200 new jobs added in December. This follows gains of 400 in November and 700 in October. Source: North Carolina Department of Commerce: <invalid URL removed>

Highlights:

  • The Leisure and Hospitality industry saw the most significant job gains, adding an estimated 100 positions. This reflects the continued recovery of the tourism sector.
  • The Trade, Transportation, and Utilities industry also experienced growth, adding 50 jobs. This aligns with national trends of increased e-commerce activity.

Industries and Occupations that Grew:

Industries and Occupations that Shrank:

Comparison to Same Month Last Year:

  • The unemployment rate in December 2023 was lower than in December 2022 (3.7%).
  • Job growth, however, was slower year-over-year. The High Point metropolitan area added an estimated 3,400 jobs in December 2022 compared to 200 in December 2023.

Comparison to Previous Month:

  • The unemployment rate remained unchanged from November 2023.
  • Job growth slowed significantly compared to November 2023, which saw an estimated 400 new positions added.

Future Outlook:

The future outlook for the High Point job market is uncertain. While the low unemployment rate indicates a tight labor market, the slowdown in job growth raises concerns about potential economic headwinds.

10 Growing Occupations:

  1. Personal Care Aides
  2. Home Health Aides
  3. Registered Nurses
  4. Customer Service Representatives
  5. Retail Salespersons
  6. Transportation Assistants
  7. Software Developers and Applications Developers
  8. Truck Drivers
  9. Nursing Assistants
  10. Chefs and Head Cooks

10 Companies Hiring Now:

  1. Thomas Built Buses
  2. Novant Health
  3. Furnitureland South
  4. Gildan
  5. FedEx Ground
  6. VF Corporation
  7. City of High Point
  8. High Point University
  9. Cone Health
  10. International Paper