Austin-Round Rock-Georgetown MSA
(Austin MSA, December 14- January 13, 2023)
Not for citation or circulation without permission from Opportunity Austin
INSIGHTS
- Approximately 56,270 available jobs were posted during the January 2024 monthly reporting period, a decrease from 56,360 postings when compared to December 2023. There were 22,135 new postings, an increase of 3,364 first-time postings when compared to the previous month. New job postings in January 2024 represented 39% of all available job postings, 6% more than in December. New job postings increased by about 15% in the Austin and San Antonio metros and 22% increase in the Houston and Dallas metros compared to the prior month.
- Approximately 12% or 7,030 of all available job postings during the January 2024 reporting period fell under Management Occupations while 6500 available job postings fell under Healthcare Practitioners and Technical, and an additional 2094 fell under Healthcare Support, showing continued strong demand for experienced and healthcare talent in our region.
- There are currently about 672 postings indicating vaccination requirements, a decrease of 459 postings compared to the previous month. Top employers mentioning vaccination requirements include CVS Health, Aveanna Healthcare and PayPal.
- 2,143 postings offered signing bonuses, an increase of 140 postings when compared to the previous month.
- Sixty one percent, or 34,355 of available job postings pay an annual median wage between $25,000 to $75,000. Of these,47% or 16,210 will require a high school diploma as the entry-level education, and14% or 4,726 will require at least a bachelor’s degree.
- There are about 666 internship positions posted, in-person or remote. The top three companies with the most postings are Amazon, State of Texas and AMD.
- There are about 2,975 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of January 12, 2024.
- According to the U.S. Bureau of Labor Statistics,the Austin M SA reported the unemployment rate at 3.0% in January 2024 with no change from the prior month. The total number of unemployed in the Austin MSA is about 43,200. In January 2024, there were 13,070 more available job postings than the unemployed a 1,270 increase compared to the prior month.
- In January 2024, the Austin region saw a total of about 245 jobs announced through new relocations or expansion plans. Announcing new location plans were companies such as, X (Formally Twitter) (San Fransisco, CA) creating 100 jobs. The expansion list represents 145 jobs. The list includes, Apple and Xbiotech.
- 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
The top 3 Occupations posted were Management, Health Practitioners/Technicians, and Computer and Math related.
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, 49% require postsecondary education beyond high school as the typical entry-level education.
Monthly Job Posting Trends
There are 18% less available job postings in January 2024 than in January 2023. New job postings declined less than 1% from January 2023.
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 January 2024 is the sum of all posted ads from December 14, 2023 to January 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, 44% 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, 80% 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 Food Service
Top 10 Tech Job Postings and Annual Median Wages
For all job postings under computer and mathematical occupations, 91% 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 64% 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, 54% 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 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
Fourteen 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 postings 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.
