Newark, NJ – January 2024 Job Market Report – Cautious Optimism Amidst National Slowdown

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The January 2024 jobs report for Newark, NJ paints a picture of a cautious job market navigating a national slowdown. While overall job growth compared to December 2023 remained subdued, some sectors exhibited strength, suggesting resilience in the local economy.


  • Leisure and hospitality continued its robust recovery, adding a significant number of jobs compared to December 2023.
  • Professional and business services also showed positive growth.
  • Trade, transportation, and warehousing sectors remained steady.
  • Manufacturing and construction sectors continued to see contraction.

What Industries and Occupations Grew

  • Leisure and hospitality occupations such as waiters, waitresses, cooks, and bartenders saw the most significant job gains.
  • Professional and business services occupations like accountants, bookkeeping, and administrative assistants also experienced growth.

What Industries and Occupations Shrank

  • Manufacturing jobs continued a downward trend, with losses seen in production workers and machine operators.
  • Construction also shed jobs, impacting laborers and carpenters.

Compare to Previous Month

Job growth in Newark compared to December 2023 remained modest.

Future Outlook

The national economic slowdown is expected to continue impacting the Newark job market in the coming months. However, the strength in leisure and hospitality, coupled with growth in professional and business services, suggests some sectors may be relatively insulated.

10 Growing Occupations

According to the Bureau of Labor Statistics (BLS), the following occupations are projected to experience the fastest employment growth nationally through 2032:

  1. Wind turbine service technicians
  2. Solar photovoltaic installers
  3. Home health aides
  4. Personal care aides
  5. Software developers, applications
  6. Database administrators
  7. Medical assistants
  8. Occupational therapists
  9. Physician assistants
  10. Nurse practitioners

10 Companies Hiring Now

  1. Prudential Financial
  2. Horizon Blue Cross Blue Shield of New Jersey
  3. Panasonic Avionics Corporation
  4. Public Service Enterprise Group (PSEG)
  5. Newark Beth Israel Medical Center
  6. City of Newark
  7. The Port Authority of New York and New Jersey
  8. Rutgers University-Newark
  9. Audible
  10. Mama Rosa’s Pizza & Restaurant

Cited Resources