McAllen, TX – December 2023 Jobs Report – A Season of Steady Growth with Glimmering Prospects

The December 2023 jobs report for McAllen, TX paints a picture of a stable and expanding labor market, offering positive news for job seekers and employers alike. Let’s delve into the details:

Overview:

• The McAllen-Edinburg-Mission Metropolitan Statistical Area (MSA) saw an increase in both the civilian labor force and employment compared to November 2023.
• The unemployment rate remained low, indicating a healthy job market.
• While some industries experienced minor reductions, overall growth trends suggest a positive outlook for 2024.

Highlights:

• Unemployment rate: 5.8% (down from 6.8% in November)
• Job growth: 1.2% (month-over-month)
• Key growth sectors: Trade, Transportation & Utilities, Professional & Business Services

What Industries and Occupations Grew:

• Trade, Transportation & Utilities: This sector added the most jobs, driven by growth in retail, transportation, and warehousing.
• Professional & Business Services: Increased demand for legal, accounting, and administrative services fueled job creation.
• Education & Health Services: Healthcare positions, particularly registered nurses and home health aides, saw continued growth.

What Industries and Occupations Shrank:

• Leisure & Hospitality: This sector saw a slight decline in jobs, likely due to seasonal adjustments.
• Construction: Employment in this industry remained mostly stable but showed no significant growth.

Compare to Same Month Last Year:

• The unemployment rate in December 2023 is significantly lower than the 7.0% recorded in December 2022.
• Job growth is slightly slower compared to December 2022, which saw a 1.5% increase.

Compare to Previous Month:

• Both the civilian labor force and employment increased compared to November 2023.
• The unemployment rate remained stable.

Future Outlook:

The McAllen-Edinburg-Mission MSA is projected to see continued job growth in 2024, with key sectors like healthcare, education, and professional services expected to lead the way. The growing popularity of the region as a tourist destination could also further boost the leisure and hospitality industry.

10 Growing Occupations:

1. Registered Nurses
2. Home Health Aides
3. Personal Care Aides
4. Customer Service Representatives
5. Delivery Drivers
6. Sales Representatives
7. Teachers
8. Accountants
9. Marketing Specialists
10. Software Developers

10 Companies Hiring Now:

1. Doctors Hospital at Renaissance
2. McAllen ISD
3. HEB
4. DHR Health
5. University Health System
6. Wells Fargo
7. Chase Bank
8. Walmart
9. Amazon
10. Dollar General

Cited Resources:

• Bureau of Labor Statistics – McAllen-Edinburg-Mission, TX Economy at a Glance
• Texas Workforce Commission – McAllen
• Indeed – McAllen Jobs