The Syracuse Metropolitan Statistical Area (MSA) saw moderate job growth in December 2023, adding 3,600 positions for a 1.1% increase year-over-year. This placed the region above the statewide growth rate of 0.8%. However, compared to neighboring areas, the picture was mixed: both Watertown-Fort Drum and Binghamton experienced job gains, while Ithaca and Utica-Rome remained stagnant.
Highlights:
- Positive growth: The December gain followed an upward trend observed since the summer of 2023.
- Diversified expansion: Job creation spanned various sectors, indicating broad-based economic activity.
Industries and Occupations on the Rise:
- Professional and Business Services: This sector led the pack, adding 1,600 jobs, primarily in professional, scientific, and technical services.
- Education and Health Services: Another strong performer, this sector gained 1,000 jobs, mainly in healthcare support occupations.
- Trade, Transportation, and Utilities: This industry saw modest growth of 400 jobs, concentrated in transportation and warehousing.
Industries and Occupations Facing Contraction:
- Leisure and Hospitality: This sector lost 300 jobs, primarily in food services and accommodation.
- Manufacturing: A decline of 200 jobs occurred in this industry, concentrated in durable goods manufacturing.
Compared to December 2022:
- The 1.1% growth surpassed the national average (0.4%) and state average (0.8%).
- However, neighboring regions like Watertown-Fort Drum (1.5% growth) and Binghamton (0.2% growth) showed varying performances.
Compared to November 2023:
- The December report indicated continued momentum, with an additional 800 jobs created month-over-month.
- This suggests consistent, albeit small-scale, economic expansion.
Future Outlook:
- Experts predict moderate job growth to continue in Syracuse throughout 2024.
- Key factors influencing this outlook include national economic trends, industry-specific developments, and local business investment decisions.
10 Growing Occupations in Syracuse (December 2023):
- Registered Nurses
- Home Health and Personal Care Aides
- Sales Representatives
- Customer Service Representatives
- Software Developers and Applications
- Truck Drivers and Tractor-Trailer Drivers
- Physical Therapist Assistants and Aides
- Mental Health and Substance Abuse Social Workers
- Medical and Clinical Laboratory Technicians
- Accountants and Auditors
10 Companies Hiring Now in Syracuse (as of February 12, 2024):
- Upstate Medical University
- Syracuse University
- Lockheed Martin
- Destiny USA
- Syracuse City School District
- Infrastructure
- AmeriCU
- Crouse Hospital
- Micron
- Chobani
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