March 19, 2024

Madison, WI – January 2024 Job Market Report – Hiring Steady in the Capital City

Overview

The January 2024 job market report for Madison, WI, paints a picture of continued stability with a slight uptick in hiring activity compared to December 2023. While growth isn’t explosive, key sectors like healthcare and professional services are showing positive signs.

Highlights

Overall job growth trended slightly upward from December 2023.
Healthcare and professional services experienced the most significant gains.
Manufacturing and retail sectors continued a slow decline in job postings.

What Industries and Occupations Grew

Healthcare Support Occupations (+3.2%) led the pack, followed by Professional and Business Services (+2.8%).
Registered Nurses, Physician Assistants, and Management Analysts were among the fastest-growing occupations within these sectors according to Bureau of Labor Statistics: http://bls.org.

What Industries and Occupations Shrunk

Manufacturing (-1.5%) and Retail Trade (-1.0%) continued their downward trend.
Production Workers and Cashiers saw a decrease in job postings within these sectors.

Compare to Same Month Last Year

Compared to January 2023, the Madison job market shows moderate growth across most sectors. Healthcare and professional services continue to be the strongest performers.

Compare to Previous Month

Job postings in Madison increased slightly from December 2023, suggesting a potential pick-up in hiring activity for the new year.

Future Outlook

While the January report suggests a stable job market, keeping an eye on national economic trends is crucial for gauging Madison’s future prospects. The city’s strong presence of government agencies, universities, and healthcare institutions provides a buffer against economic downturns.

10 Growing Occupations in Madison, WI

(Source: http://bls.org)

10 Companies Hiring Now in Madison, WI