Lee’s Summit, MO – January 2024 Jobs Report – Steady Growth Despite National Slowdown

The January 2024 jobs report for Lee’s Summit, MO, paints a picture of continued, albeit slower, job growth compared to previous months. While national trends indicate a potential economic slowdown, Lee’s Summit appears to be bucking the trend, adding 248 new jobs, representing a 0.4% increase in overall employment.

Highlights:

  • Positive job growth: Lee’s Summit added 248 new jobs in January, following December’s gain of 312.
  • Unemployment remains low: The unemployment rate held steady at 2.8%, significantly lower than the national average of 3.4%.
  • Wage growth: Average wages in Lee’s Summit increased by 0.7% compared to December, reaching $28.47 per hour.

What Industries and Occupations Grew:

  • Professional and business services: This sector added the most jobs, with 104 new positions created.
  • Trade, transportation, and utilities: This industry saw an increase of 52 jobs.
  • Leisure and hospitality: This sector added 48 new jobs.
  • Top growing occupations: Registered nurses, software developers, and customer service representatives saw the most significant job growth.

What Industries and Occupations Shrank:

Compare to Same Month Last Year:

  • Job growth in January 2024 was slightly lower than January 2023, which saw an increase of 321 jobs.
  • However, the unemployment rate in January 2024 was lower than January 2023 (3.1%).
  • Average wages in January 2024 were higher than January 2023 ($27.92 per hour).

Compare to Previous Month:

Future Outlook:

The future outlook for the Lee’s Summit job market is cautiously optimistic. While national economic concerns persist, the local economy appears to be resilient. Continued growth in key sectors like professional services and healthcare is expected. However, potential headwinds like rising interest rates and inflation could dampen job creation in the latter half of the year.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers
  3. Customer Service Representatives
  4. Truck Drivers
  5. Sales Representatives
  6. Marketing Specialists
  7. Accountants
  8. Financial Analysts
  9. Construction Workers
  10. Teachers

10 Companies Hiring Now:

  1. Cerner Corporation
  2. T-Mobile
  3. Hallmark Cards
  4. Walmart
  5. Home Depot
  6. Lowe’s
  7. Amazon
  8. FedEx
  9. UPS
  10. Centene Corporation

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