Quincy, MA – December 2023 Jobs Report – Job Market Booms in Trade and Construction

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December 2023 painted a rosy picture for the Quincy job market, boasting a low unemployment rate of 2.5% and steady job growth across various sectors. While some industries experienced minor contractions, the overall positive trend indicates a healthy and expanding economy.

Highlights:

  • Unemployment rate remained low at 2.5%, showcasing a robust job market for both job seekers and employers.
  • Trade, Transportation, and Utilities saw the most significant job gains, adding 56 new positions compared to November 2023.
  • Construction also experienced growth, adding 3 negative jobs in December.
  • Information and Manufacturing sectors remained stable, with minimal changes in employment numbers.

What Industries and Occupations Grew:

  • Trade, Transportation, and Utilities: This sector witnessed the most significant growth, with positions in transportation and warehousing experiencing the highest demand.
  • Construction: Jobs in construction and maintenance saw an uptick in December.
  • Other growing occupations: Registered nurses, customer service representatives, software developers, and truck drivers continued to be in high demand.

What Industries and Occupations Shrank:

  • No major industries reported significant job losses.
  • Minor declines were observed in Leisure and Hospitality and Financial Activities.

Compare to Same Month Last Year:

  • Unemployment rate in December 2023 (2.5%) was lower than December 2022 (2.7%).
  • Overall nonfarm employment increased by 0.8% year-over-year.
  • Trade, Transportation, and Utilities added 132 jobs compared to December 2022.
  • Construction gained 19 jobs year-over-year.

Compare to Previous Month:

  • Unemployment rate remained unchanged from November 2023.
  • Nonfarm employment increased slightly by 0.1% compared to November.
  • Trade, Transportation, and Utilities saw the most significant monthly growth, adding 56 jobs.
  • Construction added 3 positions compared to November.

Future Outlook:

The Quincy job market is expected to maintain its positive momentum in the coming months. Growth is anticipated in trade, transportation, healthcare, and professional services. The low unemployment rate suggests a competitive job market for both employers and job seekers.

10 Growing Occupations in Quincy, MA:

  1. Registered Nurses
  2. Customer Service Representatives
  3. Software Developers and Software Quality Assurance Analysts
  4. Truck Drivers
  5. Marketing Specialists
  6. Accountants and Auditors
  7. Financial Analysts
  8. Elementary and Middle School Teachers
  9. Physician Assistants
  10. General and Operations Managers

10 Companies Hiring Now in Quincy, MA (as of February 2, 2024):

  1. State Street Corporation
  2. HarborOne Bank
  3. CVS Health
  4. The Home Depot
  5. Lowe’s Companies, Inc.
  6. BJ’s Wholesale Club
  7. General Dynamics
  8. South Shore Plaza
  9. Quincy Medical Center
  10. L3Harris Technologies

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