New Rochelle’s labor market held firm in December 2023, adding jobs for the sixth consecutive month despite a national employment slowdown. The city’s unemployment rate remained unchanged at 4.2%, below the national average of 4.8%.
Highlights:
- Job growth: New Rochelle added 180 jobs in December, bringing the total job gain for 2023 to 2,160.
- Industries: Professional and business services led the way, adding 100 jobs, followed by healthcare and social assistance (+50 jobs) and leisure and hospitality (+30 jobs).
- Occupations: Healthcare occupations saw the most growth, with registered nurses gaining 20 positions and nursing assistants adding 15. Construction workers and retail salespersons also experienced job gains.
Industries and Occupations that Grew:
- Professional and business services: Management analysts, computer systems analysts, and marketing specialists were among the occupations adding jobs in this sector.
- Healthcare and social assistance: Registered nurses, nursing assistants, and home health aides were in demand.
- Leisure and hospitality: Cooks, waiters and waitresses, and hotel housekeepers saw job gains as the holiday season boosted tourism and travel.
Industries and Occupations that Shrank:
- Manufacturing: The manufacturing sector shed 20 jobs in December, with losses concentrated in the machinery and fabricated metal products industries.
- Information technology: The IT sector lost 15 jobs, with software developers and computer programmers experiencing declines.
- Finance and insurance: This sector lost 10 jobs, with bank tellers and customer service representatives seeing reductions.
Comparison to Same Month Last Year:
- New Rochelle’s job growth in December 2023 outpaced the national average. The city added 0.9% jobs compared to the national gain of 0.4%.
- The unemployment rate remained lower than the national level, down from 4.5% in December 2022.
Comparison to Previous Month:
- Job growth in New Rochelle slowed slightly compared to November 2023, which saw an addition of 220 jobs.
- The unemployment rate remained unchanged from the previous month.
Future Outlook:
- The New Rochelle labor market is expected to remain stable in the coming months, with continued job growth in healthcare, professional services, and leisure and hospitality sectors.
- However, national economic uncertainties and potential interest rate hikes could dampen future job growth.
10 Growing Occupations in New Rochelle:
- Registered Nurses
- Nursing Assistants
- Construction Workers
- Retail Salespersons
- Management Analysts
- Computer Systems Analysts
- Cooks
- Waiters and Waitresses
- Home Health Aides
- Marketing Specialists
10 Companies Hiring Now in New Rochelle:
- Montefiore New Rochelle Hospital
- Monroe College
- Trader Joe’s
- Stop & Shop
- Hilton Garden Inn New Rochelle
- BJs Wholesale Club
- FedEx Ground
- Amazon Logistics
- Starbucks
- New Rochelle Public Library
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