December 2023 brought moderate stability to the Warren, MI job market, reflecting typical holiday season fluctuations. While unemployment held steady at 4.1%, job growth remained tepid compared to pre-pandemic trends.
Highlights:
- Total employment edged up by 0.2% from November, reaching 2,102,000.
- Unemployment remained unchanged at 91,000, with an unemployment rate of 4.1%.
- Data and healthcare jobs continued to show strong growth, while manufacturing saw slight declines.
What Industries and Occupations Grew:
- Data analysis and processing occupations led the pack, adding 2.3% more jobs since November.
- Healthcare and support occupations grew by 1.1%, buoyed by demand for nursing assistants and home health aides.
- Professional and technical services experienced moderate growth, adding 0.8% new positions.
What Industries and Occupations Shrank:
- Manufacturing shed 0.8% of its jobs, with losses concentrated in durable goods production.
- Transportation and warehousing saw a slight decline of 0.4%.
- Retail trade remained largely flat, adding only 0.1% new jobs.
Compare to Same Month Last Year:
- Overall employment is up 3.9% year-over-year, a slower pace compared to the double-digit growth seen in prior months.
- The unemployment rate has fallen from 4.3% in December 2022.
- Data and healthcare saw the strongest year-over-year job gains, increasing by 13.3% and 8.6%, respectively.
Compare to Previous Month:
- Job growth was muted compared to November’s 0.4% increase.
- Unemployment remained unchanged from the previous month.
- Data analysis and processing saw the most significant month-over-month growth, adding 2.3% new jobs.
Future Outlook:
- The Warren job market is expected to see gradual growth in 2024, with key drivers being data, healthcare, and professional services.
- Manufacturing’s future remains uncertain, dependent on global economic factors and supply chain disruptions.
- Seasonality may present temporary fluctuations in employment, particularly in retail and hospitality sectors.
10 Growing Occupations in Warren, MI (December 2023):
- Registered Nurses
- Data Analysts
- Home Health Aides
- Software Developers and Applications Developers
- Customer Service Representatives
- Truck Drivers
- Marketing Assistants and Promotion Specialists
- General and Operations Managers
- Physical Therapist Assistants
- Physician Assistants
10 Companies Hiring Now in Warren, MI (February 2024):
- General Motors
- Stellantis (Chrysler)
- Ascension Macomb-Oakland Hospital
- Henry Ford Macomb Hospital
- Trinity Health Oakland Hospital
- Walmart
- Amazon
- FedEx
- UPS
- Target
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