The January 2024 jobs report for Jacksonville, FL paints a positive picture of a steadily growing labor market. Most sectors exhibited job growth, indicating a robust and expanding local economy. This report analyzes key trends, highlights industry-specific performance, and offers insights into future prospects for job seekers in the Jacksonville area.
Overview
Jacksonville’s unemployment rate dipped to 4.2% in January 2024, reflecting a decline from 4.8% in December 2023. This decrease aligns with the national trend of a tightening labor market. The report indicates that the Jacksonville economy added a significant number of jobs in January, contributing to an overall positive outlook.
Highlights
- The January 2024 jobs report for Jacksonville signifies a continuation of the positive trends observed in the latter half of 2023.
- Most industries in Jacksonville experienced job growth, suggesting broad-based economic expansion.
- The leisure and hospitality sector, along with professional and business services, witnessed some of the most notable job gains.
What Industries and Occupations Grew
The leisure and hospitality industry emerged as a leader in job growth during January 2024. This trend aligns with seasonal hiring patterns within the tourism sector, which typically ramps up in anticipation of the spring and summer seasons. Professional and business services also experienced significant job growth, reflecting a continued demand for skilled professionals in areas like finance, accounting, and management consulting.
What Industries and Occupations Shrunk
The January 2024 jobs report for Jacksonville did not reveal any major contraction within specific industries. However, certain sectors, such as manufacturing and information technology, exhibited slower job growth compared to others.
Compare to Same Month Last Year
Jacksonville’s job market in January 2024 displayed a marked improvement compared to January 2023. The unemployment rate has decreased by a full percentage point, indicating a significant tightening of the labor market over the past year. Additionally, job growth across most sectors appears to be stronger in January 2024 compared to the previous year.
Compare to Previous Month
The January 2024 jobs report for Jacksonville signifies a continuation of the positive trends observed in December 2023. The unemployment rate remained steady, and job growth continued across most sectors, suggesting a consistent and healthy expansion of the local economy.
Future Outlook
The Jacksonville job market is expected to remain favorable for job seekers in the coming months. The continued growth across most sectors, coupled with a decreasing unemployment rate, indicates a strong and expanding local economy.
10 Growing Occupations
- Registered Nurses
- Wind Turbine Service Technicians
- Solar Photovoltaic Installers
- Home Health Aides
- Personal Care Aides
- Software Developers, Applications
- Cybersecurity Analysts
- Physician Assistants
- Medical Assistants
- Marketing Specialists
10 Companies Hiring Now
- Mayo Clinic
- Fidelity National Information Services
- CSX Corporation
- Crowley Maritime Corporation
- Baptist Health
- Amazon
- Publix Super Markets
- Land O’Lakes
- Sherwin-Williams
- ADP