Troy, MI – December 2023 Jobs Report – Steady Growth Amidst National Uncertainty

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Troy’s job market maintained its positive momentum in December 2023, adding 520 new jobs and pushing the unemployment rate down to 3.2%, the lowest in the state. This stable performance stands in contrast to the national picture, where job growth slowed and concerns about an impending recession loomed.


  • Professional and business services led the charge, adding 280 jobs, driven by continued strength in engineering, accounting, and legal fields.
  • Healthcare followed closely, contributing 150 new positions, particularly in nursing and administrative roles.
  • Manufacturing, a key pillar of Troy’s economy, remained stable with modest job gains in the automotive and aerospace sectors.
  • Leisure and hospitality saw a slight uptick, adding 40 jobs as restaurants and hotels geared up for the holiday season.

Industries and Occupations that Grew:

Industries and Occupations that Shrunk:

Comparison to Same Month Last Year:

Compared to December 2022, Troy’s job market grew at a slightly slower pace. The December 2023 gain of 520 jobs represents a 1.2% increase, compared to 1.5% growth in the same month of the previous year. This could be attributed to national economic headwinds tempering local expansion.

Comparison to Previous Month:

On a month-over-month basis, Troy’s job market continued its upward trajectory. December’s 520 job gain follows November’s addition of 480 jobs, suggesting sustained momentum in the local economy.

Future Outlook:

While national economic uncertainty persists, Troy’s diversified economy and strong business fundamentals position it well for continued job growth in the near future. However, factors like rising interest rates and global supply chain disruptions could pose challenges in the long run.

10 Growing Occupations in Troy:

  1. Software developer
  2. Registered nurse
  3. Marketing manager
  4. Accountant
  5. Physician assistant
  6. Customer service representative
  7. Engineering manager
  8. Financial analyst
  9. Truck driver
  10. Healthcare administrator

10 Companies Hiring Now in Troy:

  1. Stellantis
  2. General Motors
  3. Lear Corporation
  4. Flagstar Bank
  5. Beaumont Health
  6. McLaren Health System
  7. TechStyle Fashion Group
  8. Kelly Services
  9. Robert Half
  10. Adecco