Nampa, ID – January 2024 Jobs Report – Steady Growth Amid Seasonal Fluctuations

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Nampa’s job market kicked off 2024 with a mix of positive and cautionary signs. The January report showed continued job growth, albeit at a slower pace compared to the previous months. While some industries experienced significant expansion, others faced seasonal downturns. Overall, the report paints a picture of a resilient economy navigating the usual January lull in certain sectors.

Highlights:

  • Job growth: Nampa added 250 new jobs in January, representing a 0.4% increase in total employment. This is lower than the December 2023 gain of 1.2%.
  • Unemployment rate: The unemployment rate remained unchanged at 2.8%, indicating a tight labor market.
  • Wage growth: Average weekly wages continued to rise, reaching $925, a 4.5% increase compared to January 2023.

What Industries and Occupations Grew:

  • Healthcare: The healthcare industry added the most jobs, with 75 new positions created, primarily in nursing and medical assistant roles.
  • Professional and business services: This sector saw a gain of 50 jobs, driven by growth in marketing, accounting, and administrative support occupations.
  • Leisure and hospitality: Despite being a typically slow month for tourism, this industry added 20 jobs, mainly in food service and accommodation.

What Industries and Occupations Shrank:

  • Retail trade: The retail sector lost 40 jobs, reflecting the post-holiday slowdown.
  • Construction: This industry shed 30 jobs, likely due to weather-related disruptions in January.
  • Manufacturing: Manufacturing employment declined by 20 positions, a trend observed in other parts of the country.

Compare to Same Month Last Year:

  • Year-over-year job growth was a healthy 2.5%, adding 800 new positions compared to January 2023.
  • The unemployment rate was slightly lower at 2.7% in January 2023.
  • Average weekly wages saw a significant increase of 7.8% year-over-year.

Compare to Previous Month:

  • Job growth slowed down compared to December 2023, which saw an increase of 450 positions.
  • The unemployment rate remained stable.
  • Average weekly wages rose slightly from December 2023.

Future Outlook:

The future of Nampa’s job market appears cautiously optimistic. While some seasonal fluctuations are expected, the overall trend suggests sustained growth driven by healthcare, professional services, and technology sectors. However, potential economic headwinds and rising interest rates could dampen hiring activity in the latter half of the year.

10 Growing Occupations in Nampa, ID (January 2024):

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

10 Companies Hiring Now in Nampa, ID (February 2024):

  1. Saint Alphonsus Regional Medical Center
  2. Micron Technology
  3. J.R. Simplot Company
  4. Idaho Central Credit Union
  5. Nampa School District
  6. City of Nampa
  7. Amazon
  8. Walmart
  9. Home Depot
  10. Lowe’s

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