Austin-Round Rock-Georgetown MSA
(Austin MSA, October 14- November 13, 2023)
Not for citation or circulation without permission from Opportunity Austin
INSIGHTS
- Approximately 59,100 available job postings were available during the November 2023 monthly reporting period, an increase from 57,700 postings when compared to October 2023. There were 22,048 new (first-time) job postings, a decrease of 2,892 first-time postings when compared to the previous month. New job postings in November 2023 represented 37% of all available job postings, 6% less than in October. New job postings decreased by about 12 % in the Austin and San Antonio metros and 12% decrease in the Houston and Dallas metros compared to the prior month.
- Approximately 14% or 7,279 of all available job postings during the November 2023 reporting period fell under Management Occupations while 6,340 available job postings fell under Healthcare Practitioners and Technical, showing continued strong demand for experienced and healthcare talent in our region.
- About 1191 postings indicate vaccination requirements, an increase of 51 postings compared to the previous month. Top employers mentioning vaccination requirements include Texas Children Hospital, Austin Regional Clinic and JLL.
- 2,015 postings offered “signing bonuses,” a decrease of 84 postings when compared to the previous month.
- 59% (35,173) of available job postings pay an annual median wage between $25,000 to $75,000. Of these, 47% or 16,369 will require a high school diploma as the entry-level education, and 41% or 14,394 will require at least a bachelor’s degree.
- About 784 internship positions are posted, in-person or remote. The top three companies with the most postings are Amazon, AMD and Arm Agence De Recouvrement.
- About 2,413 jobs are posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of November 12, 2023.
- According to the U.S. Bureau of Labor Statistics, the Austin MSA reported the unemployment rate at 3.3% in November 2023, slightly lower than the prior month. The total number of unemployed in the Austin MSA is about 48,700. In November 2023, there were 10,400 more available job postings than the unemployed – a 6,800 decrease compared to the prior month.
- This past month, the Austin region saw a total of about 235 jobs announced through new relocations or expansion plans. Announcing new location plans were companies such as, Grander Distributing (Houston, TX) creating 15 jobs, Infleqtion (Boulder, CO) creating 15 jobs, The expansion list representing over 205 jobs includes Black Ore, Dotowk, Enphase Energy, Navan and Skybox Datacenters.
- 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, 51% require postsecondary education beyond high school as the typical entry-level education.
Monthly Job Posting Trends
There are 24% less available job postings in November 2023 than in November 2022. New job postings declined 27% from November 2022.
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 November 2023 is the sum of all posted ads from October 14, 2023 to November 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, 44% require some form of postsecondary education beyond high school as the typical entry-level education, and 36% pay an annual median salary over $65,000.
Top 10 Management Job Postings and Annual Median Wages
For all job postings under management occupations, 78% 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, 95% require some form of postsecondary education beyond high school as the typical entry-level education, and 63% 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, 63% require a postsecondary credential that is more than a high school diploma but less than a bachelor’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, management, and sales, 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 The University of Texas System, drive demand for talent in healthcare and supporting occupations. Other top employers include Ascension, City of Austin and HCA Healthcare.
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.
