Wyoming, MI – January 2024 Jobs Report – Steady Growth amid National Fluctuations

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The Wyoming, MI job market showed continued expansion in January 2024, defying some national trends of stagnation. While the national unemployment rate rose slightly, Wyoming bucked the trend, holding steady at 2.8%. This reflects a robust local economy bolstered by several key industries.

Highlights:

  • Unemployment rate: 2.8%, remaining unchanged from December 2023 and lower than the national average of 3.4%.
  • Job growth: 0.6% increase in non-farm jobs compared to December 2023.
  • Leading industries: Manufacturing, transportation & warehousing, and professional & business services continued to drive job creation.

What Industries and Occupations Grew:

  • Manufacturing: Added 120 jobs, primarily in metal fabrication and plastics production.
  • Transportation & warehousing: Gained 80 jobs, with growth in truck transportation and logistics.
  • Professional & business services: Expanded by 75 jobs, fueled by increased demand for administrative and technical support roles.
  • Growing occupations: Registered nurses, software developers, truck drivers, logistics coordinators, and customer service representatives saw the highest job growth.

What Industries and Occupations Shrank:

  • Retail trade: Lost 30 jobs, reflecting ongoing challenges in the brick-and-mortar sector.
  • Leisure & hospitality: Shed 20 jobs, primarily in food services and accommodation.
  • Declining occupations: Cashiers, retail salespersons, cooks, and food preparation workers experienced job losses.

Compare to Same Month Last Year:

  • Job growth: Up 2.5% compared to January 2023, outpacing the national average of 1.8%.
  • Unemployment rate: Lower than January 2023 (3.1%), indicating continued improvement in the local labor market.

Compare to Previous Month:

  • Job growth: Slightly higher than December 2023 (0.5%), suggesting sustained momentum in the local economy.
  • Unemployment rate: Remained unchanged from December 2023.

Future Outlook:

The Wyoming, MI job market is expected to remain stable in the coming months, with continued growth projected in manufacturing, transportation & warehousing, and professional & business services. However, national economic uncertainties and potential interest rate hikes could pose challenges in the long run.

10 Growing Occupations:

  1. Registered Nurses
  2. Software Developers
  3. Truck Drivers
  4. Logistics Coordinators
  5. Customer Service Representatives
  6. Wind Turbine Service Technicians
  7. Home Health Aides
  8. Personal Care Aides
  9. Physical Therapist Assistants
  10. Medical Assistants

10 Companies Hiring Now:

  1. Gordon Food Service
  2. PADNOS
  3. Spectrum Health
  4. Meijer
  5. Wolverine Worldwide
  6. Amway
  7. Herman Miller
  8. Peterbilt of Grand Rapids
  9. Gerald R. Ford International Airport
  10. Great Lakes Wine & Spirits

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