Lynn, MA – December 2023 Jobs Report – Steady Growth Amidst National Slowdown

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The December 2023 jobs report for Lynn, MA, indicates continued employment growth, defying the national trend of a slowing labor market. However, the pace of job creation appears to be moderating compared to previous months.

Overview:

  • The unemployment rate in Lynn remained steady at 5.0% in December, matching the November rate and remaining below the national average of 3.5%.
  • The Lynn-Saugus-Marblehead Metropolitan Statistical Area added 200 jobs in December, bringing the total employment level to 140,700.
  • While positive, this job gain represents a slower pace compared to the 500 jobs added in November and the 800 jobs added in October.

Highlights:

  • The Leisure and Hospitality industry showed the strongest job growth, adding 100 positions in December. This is likely due to seasonal hiring in retail and restaurants.
  • The Professional and Business Services industry also added 50 jobs, reflecting continued growth in office-based occupations.

Industries and Occupations that Grew:

Industries and Occupations that Shrank:

Comparison to Same Month Last Year:

  • The December 2023 job level in Lynn is 2,300 higher than December 2022, representing a year-over-year growth of 1.7%.
  • This growth exceeds the national average of 1.4% year-over-year job growth.

Comparison to Previous Month:

  • As mentioned earlier, the pace of job creation in Lynn slowed down in December compared to November.
  • However, the December job gain was still positive, indicating ongoing economic expansion in the city.

Future Outlook:

The future outlook for the Lynn job market remains cautiously optimistic. While the national economic slowdown may dampen hiring somewhat, the city’s strategic location and diverse economy position it well for continued job growth.

10 Growing Occupations in Lynn, MA:

  1. Registered Nurses
  2. Retail Salespersons
  3. Customer Service Representatives
  4. Truck Drivers
  5. Personal Care Aides
  6. Software Developers and Applications Developers
  7. Elementary and Middle School Teachers
  8. Nursing Assistants
  9. Chefs and Head Cooks
  10. Janitors and Cleaners

10 Companies Hiring Now in Lynn, MA:

  1. General Electric (GE)
  2. Lynn Public Schools
  3. Lahey Health
  4. National Grand Bank
  5. Crosby’s Marketplace
  6. ينسخى للخدمات المصرفية الإسلامية (Bank Islam)
  7. Lynn Community Development Corporation (LCDC)
  8. Ameresco
  9. Neighborhood of Affordable Housing, Inc. (NOAH)
  10. City of Lynn

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