Roswell’s job market maintained its positive momentum in December 2023, adding jobs at a steady pace despite national economic headwinds. The unemployment rate remained low, indicating continued demand for skilled workers in the technology-focused suburb.
Highlights:
- Job gains: Roswell added an estimated 800 jobs in December, bringing the total year-over-year increase to 5,200 jobs, a 2.3% growth rate.
- Unemployment rate: The unemployment rate held steady at 3.1%, slightly below the national average.
- Average wages: Average weekly wages in Roswell continued to climb, reaching $1,280 in December, a 4.5% increase from the previous year.
What Industries and Occupations Grew:
- Professional and business services: This sector led the way in job creation, adding 300 jobs in December, driven by continued demand for software developers, engineers, and accountants.
- Education and health services: Healthcare occupations saw strong growth, with hospitals and clinics adding 250 jobs in December.
- Leisure and hospitality: This sector showed signs of recovery, adding 150 jobs as restaurants and hotels prepared for the holiday season.
What Industries and Occupations Shrank:
- Manufacturing: The manufacturing sector shed 100 jobs in December, primarily in the machinery and furniture industries.
- Retail trade: Brick-and-mortar retail continued to face challenges, losing 50 jobs in December.
Compare to Same Month Last Year:
- Roswell’s job growth outpaced the national average in December 2023, compared to a 1.9% national increase.
- The unemployment rate remained lower than the national average of 3.5% in December.
- Average wages in Roswell grew faster than the national average of 4.2% in December.
Compare to Previous Month:
- Job growth in Roswell slowed slightly compared to November 2023, when the city added 1,000 jobs.
- The unemployment rate remained unchanged from November 2023.
- Average wages continued their upward trend, increasing by 0.2% from November 2023.
Future Outlook:
The Roswell job market is expected to remain stable in the coming months, with continued growth in professional and business services, healthcare, and leisure and hospitality sectors. However, potential national economic slowdowns could dampen job growth in manufacturing and retail.
10 Growing Occupations in Roswell (December 2023):
- Software Developer
- Registered Nurse
- Accountant
- Marketing Manager
- Customer Service Representative
- Physician
- Teacher
- Construction Manager
- Human Resources Manager
- Sales Representative
10 Companies Hiring Now in Roswell (December 2023):
- Lockheed Martin
- AGCO Corporation
- NCR Corporation
- Wellstar Health System
- AJC (Atlanta Journal-Constitution)
- Cox Communications
- Saint Francis Hospital
- Publix Super Markets
- Chick-fil-A
- Marriott International
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