Troy, MI – January 2024 Jobs Report – Steady Growth Despite National Closures

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The Troy job market defied the national economic chill in January 2024, experiencing modest yet consistent job growth. This report, while showing a slight slowdown compared to December 2023, indicates a stable and promising outlook for the year ahead.


  • Overall job growth: Troy added 0.4% new jobs compared to December 2023, translating to roughly 140 new positions.
  • Strongest sectors: Professional & Business Services (+0.8%) and Manufacturing (+0.7%) led the job gains, reflecting the ongoing strength of these key industries in the local economy.
  • Healthcare on the rise: The Healthcare & Social Assistance sector saw a welcome increase of 0.6%, indicating potential expansion in this critical field.

Industries and Occupations on the Rise:

  • Professional & Business Services: Management Analysts, Marketing Specialists, and Computer Systems Analysts experienced job growth, reflecting the expanding service sector in Troy.
  • Manufacturing: Production Workers, Assemblers, and Industrial Machinery Mechanics saw job gains, suggesting a potential rebound in the manufacturing sector, particularly in areas like automotive and aerospace.
  • Healthcare & Social Assistance: Registered Nurses, Nursing Assistants, and Home Health Aides saw job growth, driven by the aging population and increasing healthcare needs.

Industries and Occupations Facing Challenges:

  • Retail Trade: This sector witnessed a slight decline (-0.3%), possibly due to seasonal adjustments and continued online shopping trends.
  • Information: The Information sector saw a minor decrease (-0.1%), with occupations like Computer Programmers and Database Administrators experiencing slight reductions.

Year-over-Year Comparison:

Compared to January 2023, the Troy job market has grown by 1.6%, adding approximately 550 new jobs. This indicates a steady and consistent growth trajectory despite national economic uncertainties.

Month-over-Month Comparison:

While job growth slowed down slightly compared to December 2023, the overall trend remains positive. The January report suggests a stable and resilient job market in Troy, particularly in sectors like professional services, manufacturing, and healthcare.

Future Outlook:

The Troy job market is expected to see continued growth in 2024, with key areas of expansion including:

  • Technology: The tech industry is expected to see continued growth, with opportunities in software development, cybersecurity, and data analytics.
  • Healthcare: The aging population and growing demand for medical services will continue to drive job creation in this sector, particularly for nurses, therapists, and home healthcare workers.
  • Professional & Business Services: The demand for skilled professionals in management, marketing, and IT is expected to remain strong.

Top 10 Growing Occupations in Troy, MI (January 2024):

  1. Registered Nurses
  2. Management Analysts
  3. Marketing Specialists
  4. Software Developers 
  5. Production Workers
  6. Physician Assistants
  7. Computer Systems Analysts
  8. Home Health Aides
  9. Customer Service Representatives
  10. Sales Representatives

Top 10 Companies Hiring Now in Troy, MI (February 2024):

  1. General Motors
  2. Stellantis (Chrysler)
  3. Beaumont Health
  4. Magna International
  5. DENSO
  6. Lear Corporation
  7. Oakland County
  8. City of Troy
  9. Amazon
  10. Walmart