Medford, OR – January 2024 Jobs Report – Diverse Growth Fuels Local Market

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Medford’s job market buzzed with positive energy in January 2024, showcasing a diverse range of industries experiencing growth. While some sectors saw slight contractions, the overall report paints a picture of a dynamic and expanding economy.

Highlights:

  • Total nonfarm employment: Increased by 1.2% compared to December 2023, adding roughly 600 new jobs.
  • Unemployment rate: Dropped slightly to 3.8%, reflecting a tightening labor market.
  • Strongest growth: Healthcare and social assistance, professional and business services, and construction saw the most significant job gains.

Industries and Occupations on the Rise:

  • Healthcare and social assistance: Added 180 jobs, primarily in nursing, personal care, and therapist roles.
  • Construction: Increased by 120 jobs, with gains concentrated in carpentry, electrician, and construction laborer positions.

Areas Experiencing Decline:

  • Retail trade: Lost 40 jobs, primarily in clothing and general merchandise stores.
  • Information: Shed 20 jobs, reflecting national trends in the telecommunications sector.

Comparison to Previous Periods:

  • Compared to January 2023: Medford’s job market added 800 more jobs, indicating a stronger pace of growth year-over-year.
  • Compared to December 2023: The January increase suggests a continuation of the positive momentum observed in the latter half of 2023.

Future Outlook:

Medford’s diversified economy positions it well for continued growth in 2024. Key industries with anticipated expansion include:

10 Growing Occupations in Medford (Source: Indeed):

  1. Registered Nurses
  2. Customer Service Representatives
  3. Software Developers
  4. Sales Representatives
  5. Truck Drivers
  6. Marketing Specialists
  7. Accountants
  8. Logistics Coordinators
  9. Physical Therapists
  10. Financial Analysts

10 Companies Hiring Now in Medford (Source: Glassdoor):

  1. Asante Rogue Regional Medical Center
  2. Harry & David
  3. Rogue Community College
  4. Jackson County School District
  5. Providence Medford Medical Center
  6. McLane Company
  7. Walmart
  8. Home Depot
  9. Lowe’s
  10. Starbucks

Remember: This report is based on the latest available data and may be subject to revisions as more information becomes available.

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