Mansfield’s job market maintained its positive momentum in December 2023, adding 120 new jobs and holding an unemployment rate of 4.2%, slightly lower than the national average. While growth remained positive, it marked a slight deceleration compared to previous months, reflecting broader regional trends.
Highlights:
- Professional and business services: Led the job market with 48 new positions, driven by continued expansion in healthcare, engineering, and accounting sectors.
- Education and healthcare: Added 35 and 27 jobs, respectively, benefiting from increased public funding and growing demand for medical professionals.
- Leisure and hospitality: Showed resilience with 15 new jobs, despite facing seasonal challenges and national industry headwinds.
Growing Industries and Occupations:
- Professional and business services: Management analysts, software developers, registered nurses, accountants, and marketing specialists saw the most significant job gains.
- Education and healthcare: Teachers, nurses, therapists, and physician assistants experienced healthy job growth.
- Leisure and hospitality: Cooks, waiters, and hotel front desk staff continued to see modest job gains.
Shrinking Industries and Occupations:
- Retail trade: Declined by 10 jobs, primarily impacting sales associates and cashiers.
- Manufacturing: Shed 5 jobs, mainly affecting production workers and machine operators.
- Construction: Remained flat, with minor fluctuations in various occupations.
Comparison to Same Month Last Year:
- Mansfield’s job market expanded significantly compared to December 2022, adding 28% more jobs. This outpaced the national average job growth rate of 4.6%.
- Professional and business services, healthcare, and education sectors contributed most to the year-over-year growth.
Comparison to Previous Month:
- December’s job growth marked a slower pace compared to November 2023, which added 150 jobs.
- This slight deceleration could be attributed to seasonal factors and broader economic uncertainties.
Future Outlook:
- Mansfield’s diversified economy and strategic location near major transportation hubs position it well for continued job growth in 2024.
- The healthcare, technology, and professional services sectors are expected to remain key drivers of employment opportunities.
- However, potential economic slowdowns and rising interest rates could pose challenges in the coming months.
10 Growing Occupations in Mansfield:
- Software developer
- Registered nurse
- Management analyst
- Accountant
- Marketing specialist
- Teacher
- Physician assistant
- Therapist
- Cook
- Waiter
10 Companies Hiring Now in Mansfield:
- Baylor Scott & White Medical Center
- Lockheed Martin
- General Motors
- Texas Instruments
- Deloitte
- Mansfield Independent School District
- AT&T
- Bank of America
- Chick-fil-A
- Amazon
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