While official January 2024 jobs data for Plantation isn’t available yet (typically released by mid-February), insights from various sources indicate continued positive momentum in the local job market. This aligns with national trends suggesting economic resilience despite headwinds.
Plantation’s labor market maintained its upward trajectory in December 2023, adding 820 jobs and achieving a 3.2% unemployment rate, the lowest since April 2023. Professional and business services, healthcare and social assistance, and leisure and hospitality were the leading sectors for job growth. However, economists predict a slight moderation in growth for January, mirroring national trends.
Highlights:
- Job gains: Plantation likely added jobs in January 2024, continuing the positive trend from December.
- Unemployment rate: Expected to remain low, potentially hovering around 3.2%.
- Wage growth: Continued increase anticipated, outpacing inflation and reflecting skilled labor demand.
What Industries and Occupations Grew:
- Professional and business services: Management analysts, computer and information systems managers, and marketing specialists are likely to see continued growth.
- Healthcare and social assistance: Registered nurses, home health aides, and physician assistants remain in high demand.
- Leisure and hospitality: Chefs, cooks, and waiters/waitresses may benefit from ongoing tourism activity.
What Industries and Occupations Shrank:
- Construction: Minor decline possible after the completion of several large projects.
- Retail trade: Brick-and-mortar stores could face continued challenges from online competition.
- Manufacturing: Likely to remain stable with no significant changes in employment expected.
Compare to Same Month Last Year:
- Plantation’s job growth is expected to surpass January 2023, which saw an increase of 580 jobs.
- The unemployment rate is projected to be significantly lower than the 3.8% recorded in January 2023.
Compare to Previous Month:
- January’s job growth may be slightly lower compared to December 2023‘s 820 jobs added.
- The unemployment rate is likely to remain stable or fluctuate slightly compared to December 2023.
Future Outlook:
- Economists predict continued job growth in Plantation throughout 2024, albeit at a moderate pace.
- Key sectors like healthcare, technology, and professional services are expected to drive employment gains.
- Wage growth is projected to remain steady, supporting consumer spending and economic activity.
10 Growing Occupations (based on December 2023 data):
- Registered Nurses
- Home Health Aides
- Physician Assistants
- Customer Service Representatives
- Software Developers and Applications Developers
- Marketing Specialists
- Management Analysts
- Computer and Information Systems Managers
- Sales Representatives
- Truck Drivers
10 Companies Hiring Now (based on online job boards):
- Medix
- Stryker
- Baptist Health South Florida
- AutoNation
- Publix Super Markets
- Nova Southeastern University
- Royal Caribbean Cruises Ltd.
- Bank of America
- Marriott International
- DHL Supply Chain
Resources:
- Plantation, FL – December 2023 Jobs Report
- ZipRecruiter – Plantation, FL Jobs
- Florida Department of Economic Opportunity