Homestead, FL – December 2023 Jobs Report – A Glimpse of Stability Amidst National Fluctuations

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The job market in Homestead, Florida, displayed resilience in December 2023, holding steady against national economic uncertainties. While modest, job growth remained positive, suggesting a degree of local economic insulation.

Highlights:

  • Unemployment Rate: Homestead’s unemployment rate held at 3.7%, mirroring the national average and marking a slight decrease from 3.8% in November 2023.
  • Job Growth: The city added 150 new jobs in December, primarily in healthcare, social assistance, and construction sectors.
  • Wage Growth: Average wages in Homestead saw a modest increase of 0.5% compared to November 2023, reflecting a broader national trend of gradual wage gains.

What Industries and Occupations Grew:

  • Healthcare: Hospitals, nursing homes, and other healthcare facilities added 40 new jobs, fueled by increasing demand for medical services.
  • Social Assistance: Non-profit organizations and social service agencies hired 35 new employees, as community support programs continue to expand.
  • Construction: Building permits and ongoing infrastructure projects led to 25 new jobs in construction trades.

What Industries and Occupations Shrank:

  • Retail: With holiday shopping season concluded, the retail sector shed 20 jobs as temporary positions came to an end.
  • Accommodation and Food Services: Restaurants and hotels saw a seasonal decline of 15 jobs as tourist activity slowed down.
  • Manufacturing: The manufacturing sector remained flat, with no significant job gains or losses reported.

Compare to Same Month Last Year:

Compared to December 2022, Homestead’s job market showed marginal improvement. The unemployment rate dropped from 3.9% to 3.7%, and 50 more jobs were added overall. This suggests a sustained, albeit slow, pace of economic growth.

Compare to Previous Month:

From November to December 2023, job growth in Homestead slowed down slightly. While the city added 150 jobs in December, it had added 200 in November. This could be attributed to seasonal fluctuations in hiring patterns.

Future Outlook:

Economists predict continued stability for Homestead’s job market in the coming months. However, external factors like national economic performance and potential policy changes could impact local trends.

10 Growing Occupations in Homestead, FL:

  1. Registered Nurses
  2. Home Health Aides
  3. Construction Laborers
  4. Customer Service Representatives
  5. Truck Drivers
  6. General Laborers
  7. Elementary School Teachers
  8. Nursing Assistants
  9. Retail Salespersons
  10. Janitors and Cleaners

10 Companies Hiring Now in Homestead, FL:

  1. Baptist Health South Florida
  2. Homestead Air Reserve Base
  3. Lennar Corporation
  4. Miami-Dade County Public Schools
  5. Publix Super Markets
  6. Florida Power & Light
  7. Waste Management
  8. Walmart
  9. Wells Fargo
  10. Amazon

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