Lowell, MA – December 2023 Jobs Report – Job Growth Continues in Manufacturing and Healthcare

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The Lowell, MA job market showed continued growth in December 2023, adding an estimated 1,300 jobs. This represents a 0.7% increase over November 2023 and a 2.6% increase compared to December 2022. The unemployment rate remained steady at 3.2%, indicating a tight labor market.

Highlights:

  • Manufacturing and healthcare saw the most significant job gains, adding 400 and 300 jobs respectively.
  • Professional and business services, as well as leisure and hospitality, also experienced job growth.
  • Construction and education sectors saw slight job losses.

Industry Growth:

  • Manufacturing: The sector added 400 jobs, driven by growth in durable goods production, particularly in the machinery and computer products industries.
  • Healthcare: The healthcare sector added 300 jobs, with growth concentrated in ambulatory care services and hospitals.
  • Professional and Business Services: This sector added 200 jobs, with gains in administrative and support services, as well as professional, scientific, and technical services.
  • Leisure and Hospitality: The sector added 100 jobs, primarily in accommodation and food services.

Industry Shrinkage:

  • Construction: The construction sector lost 50 jobs, reflecting a seasonal slowdown in activity.
  • Education: The education sector lost 20 jobs, primarily in private educational services.

Comparison to Last Year:

  • Job growth in Lowell was slightly slower than the statewide average of 3.5% in December 2023.
  • However, Lowell’s unemployment rate remained lower than the statewide average.

Comparison to Previous Month:

  • Job growth in Lowell was slightly lower than in November 2023, when the city added 1,500 jobs.

Future Outlook:

  • The job market in Lowell is expected to remain stable in the short term, with continued growth in manufacturing and healthcare.
  • However, the impact of broader economic factors on the national and regional levels could affect the pace of job growth in the future.

10 Growing Occupations in Lowell, MA:

  1. Registered Nurses
  2. Home Health Aides and Personal Care Aides
  3. Customer Service Representatives
  4. Retail Salespersons
  5. Truck Drivers
  6. Software Developers and Applications Developers
  7. Janitors and Cleaners
  8. Chefs and Cooks
  9. Physical Therapists
  10. Occupational Therapists

10 Companies Hiring Now in Lowell, MA:

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