North Port, FL – January 2024 Jobs Report – A Steady Start to the New Year

, ,

January 2024 saw North Port’s job market hold its ground, with unemployment remaining stable at 4.2% (Bureau of Labor Statistics). New job postings increased slightly compared to December 2023, indicating cautious optimism in the local economy. However, specific data on job growth is unavailable due to reporting limitations by the Bureau of Labor Statistics for smaller geographic areas like North Port.

Highlights:

  • Stable unemployment: The 4.2% unemployment rate suggests a balanced labor market, neither overly tight nor slack.
  • Modest increase in job postings: Compared to December 2023, job postings on platforms like Indeed and ZipRecruiter saw a slight uptick, indicating potential hiring activity in the coming months.

Industry and Occupation Trends:

While specific data on industry and occupation growth/shrinkage is unavailable, insights can be gleaned from job postings and broader economic trends:

  • Growing industries: Healthcare, retail, and education consistently see hiring activity in North Port. The growing senior population drives demand in healthcare, while retail benefits from seasonal tourism peaks.
  • Shrinking industries: Construction and manufacturing may see slower growth compared to previous years, reflecting national trends.

Year-over-Year and Month-over-Month Comparisons:

Direct comparisons for North Port are limited due to data reporting. However, broader Florida trends show a positive outlook:

  • Year-over-year: Florida’s unemployment rate sits at 3.9%, lower than January 2023 (4.1%). This suggests a strengthening statewide job market potentially impacting North Port as well.
  • Month-over-month: Florida’s December 2023 to January 2024 unemployment rate remained unchanged, indicating stability in the overall job market.

Future Outlook:

The North Port job market is expected to see continued stability in the first half of 2024. Growth may be moderate, influenced by national economic trends and seasonal tourism patterns.

10 Growing Occupations in North Port (based on job postings):

  1. Registered Nurse
  2. Customer Service Representative
  3. Retail Sales Associate
  4. Physical Therapist
  5. Teacher
  6. Truck Driver
  7. Licensed Practical Nurse
  8. Dental Hygienist
  9. Server
  10. Construction Laborer

10 Companies Hiring Now in North Port (based on job postings):

  1. Publix Super Markets
  2. Walmart
  3. North Port Aquatic Center
  4. Sarasota Memorial Hospital – Venice
  5. Lowe’s Home Improvement
  6. Crews Bank & Trust
  7. Big Lots
  8. McDonald’s
  9. Wendy’s
  10. Dollar General

Resources: