Austin Job Postings Report August 2023
Austin-Round Rock-Georgetown MSA
(Austin MSA, July 14-August 13, 2023)
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Not for citation or circulation without permission from Opportunity Austin
Published by Erica Colston
Edited by Gilbert Zavala
Insights
- There were approximately 70,000 available job postings during the August 2023 monthly reporting period, a decrease from 76,000 postings when compared to July 2023. There were 27,524 new (first-time) job postings, an increase of 2,590 first-time postings when compared to the previous month. New job postings in August 2023 represented 39% of all available job postings – 6% more than in July. New job postings increased by about 10-15% in the Austin and San Antonio metros and 6-7% in the Houston and Dallas metros compared to the prior month.
- Approximately 13% or 8,767 of all available job postings during the August 2023 reporting period fell under Management Occupations while 7,661 available job postings fell under Healthcare Practitioners and Technical, showing continued strong demand for experienced and healthcare talent in our region.
- There are currently about 1,966 postings indicating vaccination requirements, a decrease of 606 postings compared to the previous month. Top employers mentioning vaccination requirements include Texas Children’s Hospital, KPMG, and PayPal.
- 6,554 postings offered “signing bonuses,” a decrease of 137 postings when compared to the previous month.
- Forty-seven percent or 32,656 of available job postings pay an annual median wage between $30,000 to $65,000. Of these, 54% or 17,544 will require a high school diploma as the entry-level education, and 15% or 5,042 will require at least a bachelor’s degree.
- There are about 651 internship positions posted, in-person or remote. The top three companies with the most postings are Great Clips, Tesla, and Ascension.
- There are about 1,769 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of September 12, 2023.
- According to the U.S. Bureau of Labor Statistics, the Austin MSA reported the unemployment rate at 3.8% in July 2023, slightly higher than the prior month. The total number of unemployed in the Austin MSA is about 55,400. In July 2023, there were 14,692 more available job postings than the unemployed – a 10,520 decrease compare to the prior month.
- In August 2023, the Austin region saw a total of about 647 jobs announced through new relocations or expansion plans. Caracol (Barlassina, Italy) Compedia USA (Ramat-Gan, Israel), Mosaic Housing (Denver, CO), Screening Eagle Technologies (Aliquippa, PA) and Xcharge North America (Hamburg, Germany) announced new location plans, creating over 439 new jobs in Austin. The expansion list representing over 208 jobs includes Manifest Commerce, OnePointe Solutions, PD Labs, and SpyCloud.
- Job postings measured in this report refer to employers who are actively advertising online. It is not a representation of job openings, which measures all positions that are open (not filled) on the last business day of the month.
- This report uses Lightcast’s Developer tool which deduplicates job postings. Developer codes job postings to SOC 2018 occupational codes, allowing for more granular reporting on occupational trends, and uses HWOL datasets aligned with mid-monthly unemployment figures.
The following job market report is designed to provide insight into current employer demands, skills, and occupations in the Austin MSA.
Top 15 Occupational Group Postings
Management represents the top occupational group.
Top Posted Job Ads and Entry-Level Education
The table below represents the top 3 available job postings for each typical entry-level educational requirement.
Typical Entry-Level Educational Requirements
For all job postings in the Austin MSA across occupations and industries, 53% require postsecondary education beyond high school as the typical entry-level education.
Monthly Job Posting Trends
There are 26% less available job postings in August 2023 than in August 2022. Available job postings in computer and mathematical occupations declined the most at 68% in the past 12 months.
Note: Any discrepancies in the total available job postings and new job postings listed above for the referenced period reflect ads that are not classified to an occupational code. The data for August 2023 is the sum of all posted ads from July 14, 2023 to August 13, 2023. This period is aligned to the Bureau of Labor Statistics (BLS) unemployment job search period to provide a more accurate comparison of labor supply and labor demand.
Top 25 Job Postings and Annual Median Wages
For the top 25 job postings, 47% require some form of postsecondary education beyond high school as the typical entry-level education, and 41% pay an annual median salary over $65,000.
Top 10 Management Job Postings and Annual Median Wages
For all job postings under management occupations, 82% require a bachelor’s degree, or more, as the typical entry-level education.
In this category, Managers, All Other, have the most job postings.
Top 10 Tech Job Postings and Annual Median Wages
For all job postings under computer and mathematical occupations, 92% require a bachelor’s degree or more as the typical entry-level education.
In this category, Software Developers have the most job postings.
Top 10 Healthcare Job Postings and Annual Median Wages
For all job postings under healthcare occupations, 97% require some form of postsecondary education beyond high school as the typical entry-level education, and 64% require at least a bachelor’s degree.
In this category, Registered Nurses have the most job postings.
Top 10 Healthcare Support Job Postings and Annual Median Wages
For all job postings under Healthcare Support occupations, 60% require a postsecondary credential that is more than a high school diploma but less than an associate’s degree as the typical entry-level education.
Home Health and Personal Care Aides had the most job postings in this occupational category.
Top 25 Skills in Greatest Demand
The top three common skills in demand by employers include communications, customer service, and management, likely a reflection of the overall demand for talent in management occupations.
Top 25 Certificates in Greatest Demand
Thirteen out of the top 25 in-demand certifications are healthcare-related with the largest demand for registered nurses, basic life support, and cardiovascular and cardiopulmonary care.
Top 25 Employers
Top job posting employers, St. David’s Healthcare Partnership and Ascension Seton, drive demand for talent in healthcare and supporting occupations. Other top employers include Texas state government, the University of Texas System, and HEB.
