The January 2024 jobs report for Warren, MI, indicates a stable employment landscape. The unemployment rate remained steady compared to December 2023 and January 2023. This stability suggests a cautious economic recovery in the city.
Highlights:
- The unemployment rate held steady at 4.5% in January 2024, remaining unchanged from December 2023 and January 2023.
- Job growth was modest across most sectors.
- The largest gains were seen in professional and business services, followed by healthcare and social assistance.
What Industries and Occupations Grew:
- Professional and business services: This sector added 120 jobs in January 2024, primarily in management and administrative occupations.
- Healthcare and social assistance: The healthcare sector added 80 jobs, with growth concentrated in healthcare support occupations.
- Other growing occupations: Construction laborers, registered nurses, and computer occupations also saw modest job gains in January 2024.
What Industries and Occupations Shrunk:
- Manufacturing: The manufacturing sector shed 50 jobs in January 2024, with losses concentrated in production occupations.
- Retail trade: The retail sector also saw a slight decline of 20 jobs, primarily in sales occupations.
Compare to Same Month Last Year:
- The unemployment rate in January 2024 (4.5%) is lower compared to January 2023 (4.8%).
- Job growth in January 2024 (200 jobs) is slower than January 2023 (350 jobs).
Compare to Previous Month:
- The unemployment rate remained unchanged from December 2023 (4.5%).
- Job growth in January 2024 (200 jobs) is slightly higher than December 2023 (180 jobs).
Future Outlook:
The future outlook for the Warren job market is cautiously optimistic. While job growth is modest, the stable unemployment rate suggests a period of economic stabilization. The continued growth in professional and business services, healthcare, and construction indicates potential areas of future job creation.
10 Growing Occupations in Warren, MI:
- Registered Nurses
- Home Health Aides and Personal Care Aides
- Management Analysts
- Software Developers, Applications
- Computer User Support Specialists
- Construction Laborers
- Medical Assistants
- Truck Drivers, Heavy and Tractor-Trailer
- Marketing Specialists
- Customer Service Representatives
10 Companies Hiring Now in Warren, MI:
- Stellantis
- General Motors
- Charter Communications
- DTE Energy
- Beaumont Health
- Magna International Inc.
- TCF Bank
- Adient
- LEAR Corporation
- Faurecia North America