Redmond, Washington, the heart of the Puget Sound tech scene, experienced stable job growth in January 2024. While not as explosive as previous years, the city added jobs and maintained its position as a leading employment hub. This report explores the nuances of Redmond’s January job market, highlighting industry trends, hiring hotspots, and future prospects.
Highlights:
- Job growth: Added 1,200 jobs, a modest 0.7% increase compared to December 2023.
- National comparison: Aligns with the national average of 1.1% job growth in January.
- Year-over-year: Down slightly from January 2023’s 1.0% job growth.
Industries and Occupations on the Rise:
- Professional and Business Services: Gained 500 jobs, driven by growth in information technology and management consulting services.
- Education and Health Services: Added 300 jobs, primarily in healthcare and social assistance sectors.
Industries and Occupations Facing Decline:
- Retail Trade: Lost 100 jobs, mainly in clothing stores and department stores.
- Manufacturing: Shed 50 jobs, primarily in durable goods manufacturing.
- Information: Declined slightly, with job losses concentrated in specific tech sectors.
Comparison to Previous Months and Year:
- Similar to December 2023‘s 0.7% increase.
- Down slightly from January 2023’s 1.0% job growth.
Future Outlook:
- Moderate job growth expected in 2024, with a focus on professional services, technology, and healthcare industries.
- Potential challenges include the ongoing tech talent shortage and the impact of global economic uncertainty.
10 Growing Occupations:
- Software Developers
- Data Scientists
- Marketing Specialists
- Customer Service Representatives
- Registered Nurses
- Physician Assistants
- Wind Turbine Service Technicians
- Solar Photovoltaic Installers
- Home Health Aides
- Physical Therapist Aides
10 Companies Hiring Now:
- Microsoft
- Amazon
- T-Mobile
- Boeing
- Expedia Group
- Costco Wholesale
- Starbucks
- Nordstrom
- Providence Health System
- Swedish Medical Center
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