Syracuse, NY – December 2023 Jobs Report – Modest Growth Amid Regional Fluctuations

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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):

  1. Registered Nurses
  2. Home Health and Personal Care Aides
  3. Sales Representatives
  4. Customer Service Representatives
  5. Software Developers and Applications
  6. Truck Drivers and Tractor-Trailer Drivers
  7. Physical Therapist Assistants and Aides
  8. Mental Health and Substance Abuse Social Workers
  9. Medical and Clinical Laboratory Technicians
  10. Accountants and Auditors

10 Companies Hiring Now in Syracuse (as of February 12, 2024):

  1. Upstate Medical University
  2. Syracuse University
  3. Lockheed Martin
  4. Destiny USA
  5. Syracuse City School District
  6. Infrastructure
  7. AmeriCU
  8. Crouse Hospital
  9. Micron
  10. Chobani

Resources:

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