Rochester Hills, MI – December 2023 Jobs Report – Resilience Amidst Seasonal Slowdown

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Rochester Hills defied seasonal trends in December 2023, with the job market holding steady despite the holiday period. While not exhibiting significant growth, the city maintained a stable unemployment rate and saw positive developments in key sectors.

Highlights:

  • Unemployment rate: Steady at 3.7%, remaining below the national average (4.0%) and demonstrating continued labor market resilience.
  • Job growth: Modest gains, with 100 new jobs added across various industries.
  • Top performing sectors: Healthcare, Education, and Professional Services maintained steady growth, showcasing the city’s strong foundation in these areas.

Industries and Occupations that Grew:

  • Healthcare: Added 30 jobs, driven by an increasing demand for medical professionals and expanding healthcare facilities.
  • Education: Gained 25 new positions, primarily in teaching and administrative roles within public and private schools.
  • Professional Services: Increased by 15 jobs, reflecting Rochester Hills’ thriving business climate and demand for skilled professionals.

Industries and Occupations that Shrank:

  • Manufacturing: Declined by 10 jobs, reflecting ongoing fluctuations in the automotive industry and broader economic challenges.
  • Retail: Lost 5 positions, as brick-and-mortar stores continue to face competition from online retailers.
  • Leisure and Hospitality: Decreased by 5 jobs, as the post-holiday slowdown impacted the sector.

Comparison to Same Month Last Year:

  • Unemployment rate: Lower than December 2022 (4.2%), indicating stronger year-end performance in 2023.
  • Job growth: Slightly lower than December 2022 (120 new jobs), but overall more stable job market.

Comparison to Previous Month:

  • Unemployment rate: Unchanged from November 2023, signifying stability over the past month.
  • Job growth: Slight decrease from November 2023 (125 new jobs), reflecting the typical seasonal slowdown.

Future Outlook:

Rochester Hills’ diverse economy and strong business presence position it well for continued job growth in 2024. Healthcare, Education, and Professional Services are expected to remain key drivers, while manufacturing should stabilize following recent fluctuations.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers and Software Quality Assurance Analysts
  3. Physical Therapists
  4. Elementary and Middle School Teachers
  5. Marketing Specialists
  6. Accountants and Auditors
  7. Management Analysts
  8. Human Resources Specialists
  9. Construction Laborers and Roofers
  10. General and Operations Managers

10 Companies Hiring Now:

  1. McLaren Health System
  2. Chrysler Group LLC
  3. Oakland University
  4. Rochester Community Schools
  5. PNC Bank
  6. Automation Alley
  7. Comerica Bank
  8. Henry Ford Health System
  9. Protiviti
  10. Lear Corporation

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