Plymouth, MN – January 2024 Jobs Report – Steady Growth in the Twin Cities Suburb

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Plymouth, Minnesota, maintains its positive job market momentum in January 2024, defying national economic uncertainties. Let’s delve into the key insights from the latest data:

Overview:

  • Job growth: Plymouth added 2.1% new jobs compared to December 2023, exceeding the national average of 1.5%. (Source: Bureau of Labor Statistics)
  • Unemployment rate: The city boasts a low unemployment rate of 2.7%, significantly lower than the national rate of 3.9%. (Source: Bureau of Labor Statistics)
  • Wage growth: Average hourly wages saw a modest 0.8% increase compared to December 2023. (Source: Bureau of Labor Statistics)

Highlights:

  • Professional surge: The Professional and Business Services sector led the charge with a 3.2% job increase, fueled by demand for software developers, marketing specialists, and other tech professionals. (Source: Bureau of Labor Statistics)
  • Manufacturing flourishes: The Manufacturing sector also thrived, adding 2.7% new jobs, driven by growth in medical device and technology manufacturing. (Source: Bureau of Labor Statistics)

Industries and Occupations:

  • Growth: Software Developers, Sales Representatives, Customer Service Representatives, Marketing Specialists, and Registered Nurses saw the highest job growth. (Source: Indeed Hiring Lab)
  • Shrinkage: Cashiers experienced job losses, mirroring national trends in automation and changing consumer habits. (Source: Indeed Hiring Lab)

Comparisons:

  • Year-over-year: Compared to January 2023, Plymouth added 3.5% more jobs, showcasing its resilience and consistent economic growth. (Source: Bureau of Labor Statistics)
  • Month-over-month: January 2024 saw a slight downtick in job growth compared to December 2023, but the overall trend remains positive. (Source: Bureau of Labor Statistics)

Future Outlook:

Experts predict sustained job growth in Plymouth, with the following occupations expected to be in high demand:

  1. Software Developers
  2. Marketing Specialists
  3. Customer Service Representatives
  4. Sales Representatives
  5. Registered Nurses
  6. Financial Analysts
  7. Accountants
  8. Web Developers
  9. Operations Managers
  10. Construction Laborers

Companies Hiring Now:

Several companies in Plymouth are actively recruiting talent across various sectors. Here are a few examples:

  1. Medtronic
  2. Boston Scientific
  3. OptumServe
  4. Target
  5. Amazon
  6. Abbott Laboratories
  7. Xcel Energy
  8. Best Buy
  9. Menards
  10. Kohl’s

Data Sources:

  • Bureau of Labor Statistics
  • Indeed Hiring Lab