Lansing, MI – December 2023 Jobs Report – Solid job growth persists

, ,
  • The unemployment rate fell to 3.0% in December, down from 3.9% in November and 4.4% in December 2022.
  • Nonfarm job employment reached 241,100, adding 2,600 jobs from November and 10,000 jobs compared to December 2022.

Highlights:

  • The leisure and hospitality industry added the most jobs, followed by professional and business services, and government.
  • The unemployment rate dropped to its lowest level since at least January 2000.

What Industries and Occupations Grew:

What Industries and Occupations Shrank:

Compare to Same Month Last Year:

  • The unemployment rate was 1.4 percentage points lower than December 2022.
  • Nonfarm job employment increased by 4.2% compared to December 2022.

Compare to Previous Month:

  • The unemployment rate fell by 0.9 percentage points from November.
  • Nonfarm job employment increased by 1.1% from November.

Future Outlook:

  • The Lansing job market is expected to continue to grow in 2024, with job growth projected to be above the national average.
  • However, there are some challenges, such as a tight labor market and rising inflation.

10 Growing Occupations:

  1. Registered Nurses
  2. Physician Assistants
  3. Software Developers
  4. Home Health Aides and Personal Care Aides
  5. Truck Drivers
  6. Marketing Specialists
  7. Financial Analysts
  8. Customer Service Representatives
  9. Elementary School Teachers
  10. Construction Laborers

10 Companies Hiring Now:

Resources: