Sioux City’s job market kicked off 2024 with signs of stability and moderate expansion, defying some national trends of slowing growth. While the report reveals pockets of contraction in specific sectors, the overall outlook remains cautiously optimistic, with several industries experiencing job gains and continued hiring activity.
Highlights:
- Total nonfarm employment: Increased by 0.8% compared to December 2023, adding roughly 400 new jobs.
- Unemployment rate: Remained steady at 3.1%, maintaining Sioux City’s position below the national average.
- Strongest growth: Professional and business services, leisure and hospitality, and manufacturing saw the most significant job gains.
Industries and Occupations on the Rise:
- Professional and business services: Added 130 jobs, primarily in management, scientific, and technical occupations.
- Manufacturing: Increased by 80 jobs, with gains concentrated in durable goods production.
- Other notable growth: Trade, transportation, and utilities; education and health services.
Areas Experiencing Decline:
- Information: Lost 20 jobs, primarily in telecommunications and broadcasting.
- Financial activities: Declined by 10 jobs, concentrated in insurance and real estate sectors.
Comparison to Previous Periods:
- Compared to January 2023: Sioux City’s job market added 1,000 more jobs, reflecting a stronger pace of growth year-over-year.
- Compared to December 2023: The modest increase in January suggests a stabilizing trend after December’s slight decline.
Future Outlook:
With a projected national slowdown in job growth throughout 2024, Sioux City’s steady trajectory offers promising signs. Key industries with anticipated expansion include:
10 Growing Occupations in Sioux City (Source: Indeed):
- Registered Nurses
- Software Developers
- Truck Drivers
- Customer Service Representatives
- Sales Representatives
- Marketing Specialists
- Accountants
- Logistics Coordinators
- Physical Therapists
- Financial Analysts
10 Companies Hiring Now in Sioux City (Source: Glassdoor):
- Tyson Foods
- Mercy Medical Center
- Sam’s Club
- UnityPoint Health – St. Luke’s
- Cargill Meat Solutions
- Pilgrim’s Pride Corporation
- Wells Fargo
- Walmart
- The Home Depot
- Sioux City Community School District
Remember: This report is based on the latest available data and may be subject to revisions as more information becomes available.
Resources:
- Bureau of Labor Statistics
- Indeed
- Glassdoor