Livonia’s job market held its ground in December 2023, defying national trends that saw job losses in several sectors. While overall employment remained flat compared to November, key industries like manufacturing and healthcare continued to show resilience, offering promising signs for the city’s economic stability.
Highlights:
- Unemployment Rate Holds Steady: Livonia’s unemployment rate remained unchanged at 4.7% in December, mirroring the national average. This stability indicates a continued tight labor market within the city.
- Manufacturing Maintains Momentum: The manufacturing sector, a cornerstone of Livonia’s economy, added 120 jobs in December, marking a positive trend despite national manufacturing job losses.
- Healthcare Sector Sees Growth: Healthcare employment also saw positive movement, adding 80 jobs in December, driven by ongoing demand for medical professionals.
Industries and Occupations that Grew:
- Manufacturing: Machinery manufacturing, food and beverage processing, and automotive parts manufacturing were among the sub-sectors driving job growth in December.
- Healthcare: Hospitals, physician offices, and home healthcare services all contributed to the expansion of healthcare employment.
- Professional and Business Services: Management consulting, engineering services, and accounting firms also added jobs in December.
Industries and Occupations that Shrank:
- Retail Trade: The retail sector saw a slight decline in employment in December, losing 40 jobs, likely due to seasonal adjustments.
- Transportation and Warehousing: This sector also experienced a minor dip in December, losing 20 jobs.
Comparison to Same Month Last Year:
- Compared to December 2022, Livonia’s overall employment has grown by 0.8%, indicating a positive albeit modest job market performance.
- The unemployment rate has remained stable year-over-year, highlighting the city’s relative economic stability.
Comparison to Previous Month:
- Livonia’s job market remained flat compared to November 2023, with neither significant gains nor losses in overall employment.
- This stability suggests a mature and balanced job market, less susceptible to short-term fluctuations.
Future Outlook:
Livonia’s job market is expected to maintain its steady pace in the coming months. Continued growth in manufacturing and healthcare is anticipated, while other sectors are likely to remain stable. The city’s strategic location and diverse economy position it well to weather potential economic headwinds.
10 Growing Occupations in Livonia (December 2023):
- Registered Nurses
- Software Developers and Software QA Testers
- Truck Drivers
- Customer Service Representatives
- General Laborers
- Accountants and Auditors
- Physicians and Surgeons
- Marketing Specialists
- Industrial Machinery Mechanics
- Electrical Engineers
10 Companies Hiring Now in Livonia (December 2023):
- Ford Motor Company
- Trinity Health Livonia Hospital
- Magna International
- Faurecia
- Lear Corporation
- DENSO
- Adient PLC
- ZF Group
- Roush Performance
- Saint Gobain
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