McAllen, TX – January 2024 Job Market Report – Employment Gains Continue

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The McAllen job market continued its positive trend in January 2024, adding jobs for the seventh consecutive month. The unemployment rate remained steady at 4.3%, slightly below the national average of 3.4%. [Bureau of Labor Statistics]

Highlights

  • The McAllen metro area added 1,200 jobs in January, bringing the total nonfarm employment to 172,900.
  • The professional and business services sector led the job gains, adding 400 positions.
  • Trade, transportation, and warehousing also saw significant growth, adding 300 jobs.
  • Leisure and hospitality added 200 jobs, reflecting the ongoing recovery of the tourism industry.

What Industries and Occupations Grew

  • Professional and business services: (+400 jobs) This sector includes occupations such as accountants, engineers, and management analysts.
  • Trade, transportation, and warehousing: (+300 jobs) This sector includes occupations such as retail salespeople, truck drivers, and logistics specialists.
  • Leisure and hospitality: (+200 jobs) This sector includes occupations such as waiters and waitresses, cooks, and hotel clerks.

What Industries and Occupations Shrunk

  • There were no significant job losses in any major industry in McAllen in January 2024.

Compare to Same Month Last Year

  • Compared to January 2023, the McAllen metro area has added 7,200 jobs, a growth of 4.3%.
  • The unemployment rate has also declined slightly, from 4.5% in January 2023 to 4.3% in January 2024.

Compare to Previous Month

  • The McAllen job market added 800 jobs in December 2023.
  • The unemployment rate remained unchanged at 4.3%.

Future Outlook

The McAllen job market is expected to continue to grow in 2024. The Texas economy is projected to add 385,300 jobs over the next year, and the McAllen metro area is expected to benefit from this growth. [Texas Comptroller of Public Accounts]

10 Growing Occupations in McAllen, TX (as of January 2024)

  1. Registered nurses
  2. Home health aides and personal care aides
  3. Software developers, applications
  4. Customer service representatives
  5. Truck drivers, heavy and tractor-trailer
  6. Medical and health services managers
  7. Licensed practical and vocational nurses
  8. Sales managers
  9. Marketing managers
  10. Elementary school teachers

10 Companies Hiring Now in McAllen, TX (as of March 2, 2024)

  1. Walmart
  2. H-E-B
  3. Valley Baptist Health System
  4. DHR Health
  5. Mission Consolidated Independent School District
  6. McAllen Independent School District
  7. City of McAllen
  8. IBC Bank
  9. Texas A&M University-Kingsville, McAllen Campus
  10. The University of Texas Rio Grande Valley