Austin-Round Rock-Georgetown MSA
(Austin MSA, February 14- March 13, 2024)
Not for citation or circulation without permission from Opportunity Austin
INSIGHTS
- There were approximately 64,710 available job postings during the March 2024 monthly reporting period, an increase from 62,053 postings when compared to February 2024. There were 24,722 new (first-time) job postings, an increase of 284 first-time postings when compared to the previous month. New job postings in March 2024 represented 39% of all available job postings, a decrease of 1% from February 2024. New job postings increased by about 2% in the Austin and San Antonio metros and 3% increase in the Houston and Dallas metros compared to the prior month.
- Approximately 13% or 8,215 of all available job postings during the March 2024 reporting period fell under Management Occupations while 7275 available job postings fell under Healthcare Practitioners and Technical, and an additional 2353 fell under Healthcare Support, showing continued strong demand for experienced and healthcare talent in our region.
- There are currently about 1,184 postings indicating vaccination requirements, an increase of 4 postings compared to the previous month. Top employers mentioning vaccination requirements include CVS Health, Aetna and Aveanna Healthcare.
- 2360 postings offered “signing bonuses,” an increase of 18 postings when compared to the previous month.
- Sixty percent, or 38,882 of available job postings pay an annual median wage between $25,000 to $75,000. Of these, 48% or 18,482 will require a high school diploma as the entry-level education, and 14% or 5,510 will require at least a bachelor’s degree.
- There are about 932 internship positions posted, in-person or remote. The top three companies with the most postings are Amazon, Airborn and Tesla.
- There are about 2,820 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of March 12, 2024.
- According to the U.S. Bureau of Labor Statistics, the Austin MSA reported the unemployment rate at 3.7% in March 2024 with a .3% increase from the prior month. The total number of unemployed in the Austin MSA is about 54,800. In March 2024, there were 9,910 11,753 more available job postings than the unemployed – a 1,843 decrease compared to the prior month.
- In March 2024, the Austin region saw a total of about 327 jobs announced through new relocations or expansion plans. Announcing new location plans were companies such as, Climeworks (Zurich, Switzerland) creating 50 jobs, Hanwha Advanced Materials (Sejong, South Korea) creating 180 jobs, Intra Bio (Oxford, United Kingdom) creating 10 jobs, MIPS (San Jose, CA) creating 35 jobs and Prime Data Center (Dallas, TX) creating 52 jobs. The expansion list represents 0 new jobs. The list includes Tecovas and Tesla.
- 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.
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
The top 3 Occupations posted were Management, Sales, and Health Practitioners/Technicians.
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, 52% require postsecondary education beyond high school as the typical entry-level education.
MONTHLY JOB POSTING TRENDS
There are 5% less available job postings in March 2024 than in March 2023. New job postings had declined less than one percent from the previous year.
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 March 2024 is the sum of all posted ads from February 14, 2023 to March 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 20 JOB POSTINGS AND ANNUAL MEDIAN WAGES
For the top 20 job postings, 45% require some form of postsecondary education beyond high school as the typical entry-level education, and 40% 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. The top three postings in this category are Managers- All Other, Medical and Health Services and General and Operations.
TOP 10 TECH JOB POSTINGS AND ANNUAL MEDIAN WAGES
For all job postings under computer and mathematical occupations, 90% require a bachelor’s degree or more as the typical entry-level education. The top three postings in this category are Software Developers, Computer Occupations and Computer User Support Specialists.
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 66% require at least a bachelor’s degree. The top three job postings in this category are Registered Nurses, Licensed Practical and Licensed Vocational Nurses and Health Technologists and Technicians.
TOP 10 HEALTHCARE SUPPORT JOB POSTINGS AND ANNUAL MEDIAN WAGES
For all job postings under Healthcare Support occupations, 63% required a postsecondary credential that is more than a high school diploma but less than a bachelor’s degree as the typical entry-level education. The top three job postings in this category are Home Health and Personal Care Aides, Medical Assistants and Dental Assistance.
TOP 20 SKILLS IN GREATEST DEMAND
The top three common skills in demand by employers include communications, customer service, and management, a reflection of the overall demand for talent in management occupations.
TOP 20 CERTIFICATES IN GREATEST DEMAND
Eleven out of the top 20 in-demand certifications are healthcare-related with the largest demand for registered nurses, basic life support, and cardiopulmonary and cardiovascular care.
TOP 20 EMPLOYERS
Top job posting for this period come from St. David’s Healthcare Partnership, The University of Texas System, and Ascension. Other top employers include HCA Healthcare and City of Austin.
Source: The Conference Board®-Lightcast ® Help Wanted OnLine® (HWOL) Index, The Conference Board®-Lightcast® Help Wanted OnLine® (HWOL) Data Series, and Bureau of Labor Statistics.
