Southfield, MI – December 2023 Jobs Report – Holiday Cheer Amidst Hiring Contraction

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Southfield’s December 2023 jobs report offered a mixed bag, with modest overall job growth masking fluctuations across industries and occupations. While professional and business services led the charge, other sectors like manufacturing and retail saw declines. Compared to both the previous month and the same month last year, the city’s job market presented a complex picture, hinting at potential adjustments in the face of broader economic uncertainties.

Highlights:

  • Net Job Growth: Southfield added 120 jobs in December, bringing the unemployment rate down to 3.2%, a slight decrease from the November rate of 3.4%.
  • Sector Spotlight: Professional and business services (+210 jobs) and healthcare (+190 jobs) were the major job creators, while manufacturing (-140 jobs) and retail (-100 jobs) experienced job losses.
  • Wage Trends: Average hourly wages in Southfield held steady at $28.32 in December, remaining above the national average of $25.62.

What Industries and Occupations Grew:

  • Professional and business services: Management analysts, computer systems analysts, and marketing specialists were among the fastest-growing occupations in this sector.
  • Healthcare: Registered nurses, physician assistants, and medical assistants saw increased demand in December.
  • Other growing sectors: Education and social assistance, and transportation and warehousing also contributed to overall job growth.

What Industries and Occupations Shrank:

  • Manufacturing: Production workers, assemblers, and inspectors were among the most affected occupations in this sector.
  • Retail: Cashiers, retail salespersons, and stock clerks saw job losses in December.
  • Other shrinking sectors: Construction and leisure and hospitality also experienced slight job declines.

Compare to Same Month Last Year:

  • Southfield’s job market has slowed down compared to December 2022, which saw a net gain of 350 jobs.
  • The professional and business services sector, however, remained a consistent source of growth, adding jobs both this year and last.

Compare to Previous Month:

  • December’s job growth was a slight improvement from November’s net gain of 80 jobs.
  • This suggests a possible stabilization in the city’s job market after a period of slower growth.

Future Outlook:

While December’s job report provides some positive indicators, the coming months may present challenges. National economic forecasts remain cautious, and potential adjustments in manufacturing and retail could impact Southfield’s job market. Continued focus on sectors like professional and business services, along with investments in healthcare and technology, could offer avenues for sustained job growth in the future.

10 Growing Occupations in Southfield (December 2023):

  1. Registered Nurse
  2. Software Developer
  3. Marketing Specialist
  4. Physician Assistant
  5. Management Analyst
  6. Computer Systems Analyst
  7. Truck Driver
  8. Accountant and Auditor
  9. Customer Service Representative
  10. Medical Assistant

10 Companies Hiring Now in Southfield (December 2023):

  1. Lear Corporation
  2. DENSO International America
  3. Faurecia North America
  4. Beaumont Health
  5. Kelly Services
  6. Robert Half International
  7. Adient plc
  8. Magna International
  9. Lear Corp Seating Div
  10. BorgWarner Inc

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