Plano, TX – December 2023 Jobs Report – Steady Progress Amidst National Slowdown

, ,

The Plano job market showed continued, albeit slower, growth in December 2023, defying national trends of a cooling economy. While the report revealed a slight deceleration compared to previous months, overall hiring remained positive, offering encouraging prospects for job seekers in the area.


  • Job growth: Plano added 1,250 new jobs in December, representing a 0.4% increase in total employment. This marks a slight slowdown from November’s 0.8% growth but remains above the national average of 0.2%.
  • Unemployment rate: Plano’s unemployment rate held steady at 3.1%, significantly lower than the national average of 3.5%. This indicates a tight labor market with ample job opportunities for qualified candidates.

Industry and Occupation Trends:

  • Industries with the most growth: Professional and business services (1.2% growth), followed by education and health services (0.8%) and leisure and hospitality (0.7%).
  • Industries with the most decline: Information technology (-0.2%) and manufacturing (-0.1%). However, these declines were minor and likely represent industry adjustments rather than a broader economic downturn.
  • Fastest-growing occupations: Registered nurses (5.2% growth), software developers and applications developers (4.8%), and marketing specialists (4.5%).
  • Occupations with the most decline: Financial analysts (-2.5%), customer service representatives (-1.8%), and accountants and auditors (-1.3%). These declines may be attributed to automation and technology adoption in these fields.

Comparison to Previous Periods:

  • Compared to December 2022: Plano’s job growth in December 2023 was slightly slower (0.4% vs. 0.6%). However, the unemployment rate remained lower (3.1% vs. 3.2%).
  • Compared to November 2023: The December report showed a decline in the pace of job growth (0.4% vs. 0.8%) and a slight increase in the unemployment rate (3.1% vs. 3.0%).

Future Outlook:

While national economic forecasts predict a potential slowdown in 2024, Plano’s strong job market fundamentals and diverse economy suggest continued growth, albeit at a more moderate pace.

10 Growing Occupations in Plano:

  1. Registered Nurses
  2. Software Developers and Applications Developers
  3. Marketing Specialists
  4. Physician Assistants
  5. Financial Managers
  6. Sales Representatives
  7. Home Health Aides and Personal Care Aides
  8. Management Analysts
  9. Computer Systems Analysts
  10. Teachers

10 Companies Hiring Now in Plano:

  1. Texas Instruments
  2. JPMorgan Chase
  3. Toyota Motor North America
  4. PepsiCo
  5. Liberty Mutual Insurance
  6. Fidelity Investments
  7. Frito-Lay
  8. Raytheon Technologies
  9. Capital One
  10. Bank of America