The January 2024 jobs report for Sterling Heights, MI paints a mixed picture of the local labor market. While some sectors experienced continued growth, others faced job losses. Overall, the unemployment rate remained steady at 4.2%, unchanged from December 2023.
Highlights
- The professional, business, and management services sector added the most jobs in January, followed by healthcare and social assistance.
- Manufacturing, a key industry in Sterling Heights, saw a slight decline in employment.
- The leisure and hospitality industry continued its rebound from pandemic-related losses, adding a moderate number of jobs.
What Industries and Occupations Grew
- Professional, business, and management services: This sector added 120 jobs in January, driven by growth in occupations such as computer and mathematical occupations and management occupations.
- Healthcare and social assistance: This sector added 80 jobs, primarily in healthcare support occupations and personal care and service occupations.
- Leisure and hospitality: This sector added 50 jobs, with growth concentrated in food service occupations.
What Industries and Occupations Shrank
- Manufacturing: The manufacturing sector lost 30 jobs in January, with declines seen in transportation equipment manufacturing and computer and electronic product manufacturing.
- Trade, transportation, and warehousing: This sector lost 20 jobs, primarily in retail trade occupations.
Compare to Same Month Last Year
Compared to January 2023, the Sterling Heights job market has shown moderate growth. The unemployment rate has decreased slightly from 4.5% to 4.2%, and the total number of jobs has increased by 1.2%.
Compare to Previous Month
Compared to December 2023, the Sterling Heights job market remained largely unchanged. The unemployment rate held steady at 4.2%, and the total number of jobs increased slightly by 0.5%.
Future Outlook
The future outlook for the Sterling Heights job market is uncertain. While some sectors are expected to continue growing, such as healthcare and professional services, others may face challenges due to factors such as global economic conditions and technological advancements.
10 Growing Occupations in Sterling Heights, MI:
- Registered nurses
- Home health aides and personal care aides
- Software developers, applications
- Customer service representatives
- Truck drivers, heavy and tractor-trailer
- Medical assistants
- Wind turbine service technicians
- Solar panel installers
- Database administrators
- Physician assistants
10 Companies Hiring Now in Sterling Heights, MI:
- Stellantis
- FCA US LLC
- General Motors Company
- Amazon
- Beaumont Health
- The Home Depot
- Lowe’s Companies, Inc.
- DTE Energy
- Trinity Health Michigan
- TCF Bank