Austin-Round Rock-Georgetown MSA
(Austin MSA, November 14- December 13, 2023)
Not for citation or circulation without permission from Opportunity Austin
INSIGHTS
- There were approximately 56,360 available job postings during the December 2023 monthly reporting period, a decrease from 59,100 postings when compared to November 2023. There were 18,771 new (first-time) job postings, a decrease of 3,277 first-time postings when compared to the previous month. New job postings in December 2023 represented 33% of all available job postings, 4% less than in November. New job postings decreased by about 16 % in the Austin and San Antonio metros and 9% decrease in the Houston and Dallas metros compared to the prior month.
- Approximately 13% or 7,044 of all available job postings during the December 2023 reporting period fell under Management Occupations while 8,038 job postings fell under Healthcare Practitioners and Technical, showing continued strong demand for experienced and healthcare talent in our region.
- There are currently about 1,131 postings indicating vaccination requirements, a decrease of 58 postings compared to the previous month. Top employers mentioning vaccination requirements include CVS Health, KPMG and Aveanna Healthcare.
- 2,003 postings offered signing bonuses, a decrease of 12 postings when compared to the previous month.
- Sixty percent, or 34,030 of available job postings pay an annual median wage between $25,000 to $75,000. Of these, 47% or 15,845 will require a high school diploma as the entry-level education, and 14% or 4,787 will require at least a bachelor’s degree.
- There are about 713 internship positions posted, in-person or remote. The top three companies with the most postings are Amazon, AMD and Cirrus Logic.
- There are about 3,281 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of December 12, 2023.
- According to the U.S. Bureau of Labor Statistics, the Austin MSA reported the unemployment rate at 3.0% in December 2023, slightly lower than the prior month. The total number of unemployed in the Austin MSA is about 44,500. In December 2023, there were 11,800 more available job postings than the unemployed a 1,400 increase compared to the prior month.
- In December 2023, the Austin region saw a total of about 2,169 jobs announced through new relocations or expansion plans. Announcing new location plans were companies such as, Aispex (Brookshire, TX) creating 250 jobs, Hans Laser (Scenzhen, China) creating 300 jobs, MSS International (South Korea) creating 10 jobs and Peinado Construction (Frisco, TX creating 12 jobs. The expansion list represents 1,597 jobs. The list includes, Aispex, Hans Laser, MSS International and Peinado Construction.
- 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, Sales and Related and Healthcare Practitioners and Technical.
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 23% less available job postings in December 2023 than in December 2022. New job postings declined 22% from December 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 November 14, 2023 to December 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, 41% require some form of postsecondary education beyond high school as the typical entry-level education, and 39% pay an annual median salary over $65,000.
Top 10 Management Job Postings and Annual Median Wages
For all job postings under management occupations, 81% 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 63% 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, 59% 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.
The top three job postings in this category are Home Health and Personal Care Aides, Medical Assistants and Nursing 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
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, HCA Healthcare and Austin Independent School District.
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.
