Yonkers, NY – January 2024 Job Market Report – Stagnant Growth with Pockets of Opportunity

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Overview

Labor market data for Yonkers, NY in January 2024 paints a picture of sluggish job growth overall. While some industries show positive signs, the overall trend suggests a wait-and-see approach from employers in the beginning of the year.

Highlights

  • The professional and business services sector led in job creation, followed by healthcare and social assistance.
  • Construction and manufacturing industries continued a downward trend in employment numbers.
  • Compared to January 2023, Yonkers’ job market shows minimal growth.
  • Data indicates a slight decrease in hiring activity compared to December 2023.

What Industries and Occupations Grew

  • Professional and Business Services: This sector saw an increase in positions for management analysts, accountants, and marketing specialists.
  • Healthcare and Social Assistance: Growth occurred in healthcare practitioner roles, particularly registered nurses and nursing assistants.

What Industries and Occupations Shrank

  • Construction: Employment in construction trades, like carpenters and electricians, continued to decline.
  • Manufacturing: Job losses were concentrated in production worker positions across various manufacturing sectors.

Compare to Same Month Last Year

Yonkers’ job market in January 2024 shows minimal growth compared to the same period in 2023. The city’s unemployment rate remained steady at around 4.8%.

Compare to Previous Month

Data suggests a slight decrease in hiring activity in Yonkers compared to December 2023. This could be attributed to seasonal fluctuations in hiring patterns.

Future Outlook

The future outlook for Yonkers’ job market is uncertain. While some sectors show signs of stability, ongoing national economic concerns may impact local hiring trends. Monitoring industry-specific data and job postings will be crucial for understanding future job growth.

10 Growing Occupations

According to the Bureau of Labor Statistics [bls.org], the following occupations are projected to experience the most significant job growth nationally by 2032:

  1. Wind Turbine Service Technicians
  2. Solar Photovoltaic Installers
  3. Home Health Aides
  4. Personal Care Aides
  5. Software Developers, Applications
  6. Database Administrators
  7. Medical Assistants
  8. Occupational Therapists
  9. Physician Assistants
  10. Nurse Practitioners

10 Companies Hiring Now

  1. Montefiore Medical Center
  2. Saint Joseph’s Medical Center
  3. City of Yonkers
  4. Volvo Trucks North America
  5. Xylem Inc.
  6. PepsiCo
  7. Metro-North Railroad
  8. Chase Bank
  9. The Home Depot
  10. Stop & Shop
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