Mansfield, TX – December 2023 Jobs Report – Steady Growth Amidst Regional Fluctuations

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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:

  1. Software developer
  2. Registered nurse
  3. Management analyst
  4. Accountant
  5. Marketing specialist
  6. Teacher
  7. Physician assistant
  8. Therapist
  9. Cook
  10. Waiter

10 Companies Hiring Now in Mansfield:

  1. Baylor Scott & White Medical Center
  2. Lockheed Martin
  3. General Motors
  4. Texas Instruments
  5. Deloitte
  6. Mansfield Independent School District
  7. AT&T
  8. Bank of America
  9. Chick-fil-A
  10. Amazon

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