Waco, TX – December 2023 Jobs Report – Modest Job Growth Amidst Low Unemployment

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Waco’s December 2023 jobs report painted a mixed picture, with a slight decline in jobs month-over-month but positive annual growth and a persistently low unemployment rate. This indicates a stable, competitive job market with limited immediate expansion.

Highlights:

  • Unemployment rate: 3.1%, down from 3.5% in November and lower than both state and national levels. (Source: Workforce Solutions for the Heart of Texas)
  • Net job growth: 3,600 for 2023, but a decrease of 300 jobs in December. (Source: Workforce Solutions for the Heart of Texas)
  • Industries adding jobs: Education and health services, professional and business services, leisure and hospitality. (Source: Bureau of Labor Statistics)
  • Industries losing jobs: Manufacturing, mining and logging, construction. (Source: Bureau of Labor Statistics)

Compared to December 2022:

  • Unemployment rate: Down 0.4 percentage points.
  • Total employment: Up 1.5%.

Compared to November 2023:

  • Unemployment rate: Down 0.4 percentage points.
  • Total employment: Down 0.2%.

Future Outlook:

While job growth slowed in December, the low unemployment rate and annual gains suggest a stable market with potential for future expansion. Industries like education, healthcare, and professional services are expected to see continued growth.

10 Growing Occupations:

  1. Registered Nurses
  2. Home Health and Personal Care Aides
  3. Nursing Assistants
  4. Customer Service Representatives
  5. Software Developers and Applications
  6. Teachers
  7. General and Operations Managers
  8. Marketing Specialists
  9. Sales Representatives
  10. Truck Drivers (Heavy and Tractor-Trailer)

(Source: Texas Workforce Commission)

10 Companies Hiring Now:

  1. McLennan Community College
  2. Baylor University
  3. City of Waco
  4. Providence Healthcare Network
  5. McLennan County (mclennancounty.us/jobs)
  6. HEB
  7. Target
  8. Walmart (careers.walmart.com)
  9. Lowe’s
  10. Amazon (amazon.jobs)

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