Murfreesboro, TN – December 2023 Jobs Report – Holding Steady with Hints of Progress

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December 2023 brought a sense of stability to Murfreesboro’s job market, marked by a record-low unemployment rate and consistent performance across most sectors. While significant growth wasn’t a hallmark of the month, positive signs emerged in manufacturing and trade, suggesting potential for future expansion.

Highlights:

  • Unemployment rate reaches all-time low: At 2.4%, this figure signifies a tight labor market with strong demand for workers.
  • Nonfarm job growth remains stagnant: The total nonfarm job count held flat at 1,179,000 compared to November, indicating a stable job market in the short term.
  • Manufacturing shows signs of life: This sector added 450 jobs, a positive indicator after months of stagnation.

What Industries and Occupations Grew:

  • Manufacturing: As mentioned above, manufacturing added 450 jobs, suggesting potential for future expansion in this key industry.
  • Trade, Transportation, and Utilities: This sector saw modest growth of 80 jobs, driven by continued demand in retail and logistics.
  • Professional and Business Services: This industry added 30 jobs, potentially reflecting growth in areas like healthcare and technology.

What Industries and Occupations Shrank:

  • Information: This sector lost 20 jobs, a small decline that may be due to automation or outsourcing trends.
  • Mining, Logging, and Construction: This industry shed 10 jobs, a minor change that could be attributed to seasonal fluctuations.

Compare to Same Month Last Year:

  • Unemployment rate: Down from 2.9% in December 2022, indicating a tighter labor market this year.
  • Nonfarm job growth: Up from 1,158,100 in December 2022, showing modest overall job growth.

Compare to Previous Month:

  • Unemployment rate: Down from 2.7% in November 2023, reflecting a continued tightening of the labor market.
  • Nonfarm job growth: Flat compared to November 2023, suggesting a stable job market in the short term.

Future Outlook:

Economists predict continued stability in Murfreesboro’s job market for the early months of 2024. However, potential headwinds like inflation and rising interest rates could create uncertainty later in the year.

10 Growing Occupations in Murfreesboro, TN:

  1. Registered Nurses
  2. Software Developers and Software Quality Assurance Analysts
  3. Home Health and Personal Care Aides
  4. Truck Drivers
  5. Physical Therapist Assistants and Aides
  6. Physician Assistants
  7. Sales Representatives
  8. Customer Service Representatives
  9. Marketing Specialists
  10. Construction Laborers

10 Companies Hiring Now in Murfreesboro, TN:

  1. Nissan North America
  2. Saint Thomas Health
  3. Middle Tennessee State University
  4. City of Murfreesboro
  5. Kroger
  6. Walmart
  7. Amazon
  8. FedEx
  9. Lowe’s
  10. Home Depot

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