Stamford, CT – December 2023 Jobs Report: Steady Growth Amidst National Fluctuations

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December 2023 brought mixed signals to the Stamford job market. While the national unemployment rate ticked upwards, Stamford saw overall job growth and a continued low unemployment rate. Industries like healthcare and professional services remained strong, while manufacturing experienced a slight decline.

Highlights:

  • Job growth: Compared to December 2022, Stamford added 18,000 jobs, representing a 1.2% increase.
  • Low unemployment: The city’s unemployment rate remained steady at 3.8%, below both the state and national averages.
  • Sector strength: The private sector saw solid growth, while the government sector added a modest number of jobs.

Industries and Occupations on the Rise:

  • Healthcare: Healthcare and social assistance continued to be a major source of job creation, adding over 2,000 positions in December.
  • Professional and business services: This sector also saw significant growth, adding over 1,500 jobs, particularly in areas like management, consulting, and finance.
  • Retail trade: Despite national trends, retail trade in Stamford experienced a small uptick, adding around 200 jobs.
  • Growing occupations: Registered nurses, software developers, customer service representatives, marketing specialists, and financial analysts were among the fastest-growing occupations in December.

Industries and Occupations Facing Downturn:

  • Manufacturing: The manufacturing sector lost around 300 jobs in December, a slight decline but following a period of consistent growth.
  • Leisure and hospitality: This sector saw a small decrease in jobs, likely due to seasonal fluctuations.

Comparison to Previous Periods:

  • Compared to December 2022: Overall job growth remained positive, though at a slower pace than the previous month. The unemployment rate held steady.
  • Compared to November 2023: Private sector job growth was slightly higher in December, while the government sector added fewer jobs.

Future Outlook:

Experts predict continued job growth in Stamford throughout 2024, driven by the city’s strong financial services, healthcare, and technology sectors. However, national economic uncertainties could pose challenges.

10 Growing Occupations in Stamford, CT (December 2023):

  1. Registered Nurses
  2. Software Developers and Designers
  3. Customer Service Representatives
  4. Marketing Specialists
  5. Financial Analysts
  6. Sales Representatives
  7. Management Analysts
  8. Physician Assistants
  9. Accountants and Auditors
  10. Teachers

10 Companies Hiring Now in Stamford, CT (February 10, 2024):

  1. Indeed
  2. PepsiCo
  3. Synchrony Financial
  4. Charter Communications
  5. General Electric
  6. Gartner
  7. Purdue Pharma
  8. United Technologies Corporation
  9. IBM
  10. Nestlé

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