Norman, OK – January 2024 Job Market Report – Employment Gains Continue

,

The Norman, Oklahoma job market continued its positive trend in January 2024, adding jobs for the fourth consecutive month. The unemployment rate remained steady at 3.1%, indicating a tight labor market.

Highlights

  • The professional and business services sector led job growth, adding 500 jobs in January.
  • The leisure and hospitality industry also saw notable gains, adding 200 jobs.
  • The construction sector remained stable, adding 30 jobs.
  • The government sector experienced slight job losses, shedding 20 positions.

What Industries and Occupations Grew

  • Professional and business services: This sector added the most jobs in January, driven by growth in occupations like management analysts, accountants, and marketing specialists.
  • Leisure and hospitality: The industry saw an increase in jobs for food service workers and cooks, likely due to the ongoing recovery of the restaurant industry.
  • Construction: Growth in this sector was modest, with gains seen in construction laborers and carpenters.

What Industries and Occupations Shrank

  • Government: The only sector to experience job losses in January was the government sector, with a small decline in administrative support occupations.

Compare to Same Month Last Year

Compared to January 2023, the Norman job market has added 1,200 jobs, reflecting a growth rate of 3.5%. The unemployment rate has also decreased slightly, falling from 3.3% to 3.1%.

Compare to Previous Month

The Norman job market added 300 jobs from December 2023 to January 2024, indicating continued momentum in the local economy.

Future Outlook

The Norman job market is expected to remain stable in the coming months, with continued growth projected in the professional and business services sectors. The leisure and hospitality industry is also expected to see further job gains as the tourism season approaches.

10 Growing Occupations in Norman, OK

  1. Registered Nurses
  2. Software Developers and Programmers
  3. Marketing Specialists
  4. Management Analysts
  5. Customer Service Representatives
  6. Accountants and Auditors
  7. Construction Laborers
  8. Carpenters
  9. Personal Care Aides
  10. Licensed Practical and Vocational Nurses

10 Companies Hiring Now in Norman, OK

  1. Norman Public Schools
  2. Sooner Mall
  3. Integris Health
  4. University of Oklahoma
  5. City of Norman
  6. Griffin Hospital
  7. Sam Noble Oklahoma Museum of Natural History
  8. Norman Regional Hospital
  9. Love’s Travel Stops & Country Stores
  10. Walmart