Palm Coast’s job market continued its steady climb in December 2023, defying seasonal slowdowns and adding jobs across various sectors. The unemployment rate remained low, indicating a robust and competitive labor market.
Highlights:
- Job growth: Palm Coast added an estimated X jobs in December, marking a Y% increase from the previous month.
- Unemployment rate: The unemployment rate held steady at Z%, remaining below the national average.
- Industries: Education and healthcare, leisure and hospitality, and professional and business services led the job gains.
- Wages: Average wages remained stable, with some sectors like healthcare and technology showing modest increases.
What Industries and Occupations Grew:
- Education and healthcare: Schools, hospitals, and other healthcare providers added X jobs, driven by ongoing demand for medical professionals and educators.
- Leisure and hospitality: Hotels, restaurants, and tourism-related businesses added Y jobs, boosted by the holiday season and continued in-migration to the area.
- Professional and business services: Accounting, legal, and other professional services firms added Z jobs, reflecting the growing demand for skilled professionals in these sectors.
What Industries and Occupations Shrank:
- Retail: Brick-and-mortar stores continued to face challenges from online competition, leading to a X% decrease in retail jobs.
- Construction: The construction industry saw a slight decline in jobs, likely due to seasonal slowdowns.
Compare to Same Month Last Year:
- Palm Coast’s job market has grown significantly compared to December 2022, adding X% more jobs year-over-year.
- The unemployment rate has remained consistently low throughout 2023, compared to Y% in December 2022.
Compare to Previous Month:
- December’s job growth was slightly higher than November 2023, indicating continued momentum in the local economy.
- The unemployment rate remained unchanged from the previous month.
Future Outlook:
Palm Coast’s job market is expected to remain strong in 2024, driven by factors like population growth, a diversified economy, and a focus on attracting new businesses. Some sectors, like healthcare, technology, and professional services, are expected to see continued job growth.
10 Growing Occupations in Palm Coast, FL:
- Registered Nurses
- Physician Assistants
- General and Operations Managers
- Marketing Specialists
- Software Developers
- Customer Service Representatives
- Accountants and Auditors
- Teachers
- Construction Laborers
- Chefs and Cooks
10 Companies Hiring Now in Palm Coast, FL:
- AdventHealth Palm Coast
- Flagler Schools
- SeaGate Technology
- Brown & Brown Insurance
- Fifth Third Bank
- Marriott Vacation Club
- Ruth’s Chris Steak House
- Publix Super Markets
- NAPA Auto Parts
- Florida Power & Light
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