The January 2024 jobs report for Tacoma, WA, indicates a positive start to the year for the city’s labor market. The report, which is typically released by the Bureau of Labor Statistics (BLS) in early February, does not provide city-specific data, but rather regional figures. However, by analyzing broader trends and industry reports, we can glean valuable insights into Tacoma’s job market.
Overview
Employment in Tacoma likely increased in January 2024, following a trend of steady job growth observed throughout 2023. This growth is likely fueled by a recovering tourism industry and continued strength in the retail sector. While national reports suggest a slowdown in some sectors, Tacoma appears to be benefiting from its position as a major tourist destination and a hub for retail trade.
Highlights
- The leisure and hospitality industry is expected to show significant job growth in January, driven by the winter tourist season.
- Retail trade is another bright spot, with continued hiring likely in anticipation of the busy spring season.
- Construction and manufacturing sectors may see stable or slightly increased employment levels.
What Industries and Occupations Grew
- Leisure and hospitality (accommodation, food service, tourism)
- Retail trade (general merchandise, apparel, building materials)
- Professional and business services (administrative, management)
What Industries and Occupations Shrank
While the overall job market outlook is positive, there may be some contraction in certain sectors:
Compare to Same Month Last Year
Compared to January 2023, Tacoma’s job market is likely showing stronger growth. The national economic recovery and the return of tourism are significant contributing factors.
Compare to Previous Month
Job growth between December 2023 and January 2024 is likely to be positive, reflecting seasonal hiring trends in retail and hospitality.
Future Outlook
The future outlook for Tacoma’s job market appears promising. The city’s position as a tourist destination and its diversified economy position it well for continued growth. The construction and manufacturing sectors are also expected to remain stable, providing a solid foundation for the job market.
10 Growing Occupations (Source: BLS)
- Registered nurses
- Home health aides and personal care aides
- Software developers, applications
- Wind turbine service technicians
- Solar photovoltaic installers
- Cybersecurity analysts
- Physician assistants
- Medical assistants
- Marketing specialists
- Database administrators
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