Austin-Round Rock-Georgetown MSA
(Austin MSA, June 14– July 13, 2024)
Not for citation or circulation without permission from Opportunity Austin
INSIGHTS
- There were approximately 68,769 available job postings during the July 2024 monthly reporting period, an increase of 4,523 from 64,246 postings in June 2024. There were 27,839 new (first-time) job postings, an increase of 3,595 from the previous month. New job postings in June 2024 represented 41% of all available job postings, an increase of 3% from June 2024. New job postings decreased by about 4% in the Austin and San Antonio metros, while the Houston and Dallas metros saw a 7.5% increase compared to the previous month.
- Approximately 12%, or 8,320, of all available job postings during the July 2024 reporting period fell under Management Occupations, while 8,164 postings were for Healthcare Practitioners and Technical roles, and an additional 2,010 were for Healthcare Support roles, showing continued strong demand for experienced and healthcare talent in our region.
- There are currently about 1,044 postings indicating vaccination requirements, a decrease of 108 jobs compared to the previous month. Top employers mentioning vaccination requirements include California State University, CVS Health, and Aveanna Healthcare.
- 2,265 postings offered signing bonuses, an increase of 57 compared to the previous month.
- Fifty-eight percent, or 38,610, of available job postings pay an annual median wage between $25,000 and $75,000. Of these, 47%, or 18,218, require a high school diploma as the entry-level education, and 16%, or 6,029, require at least a bachelor’s degree.
- There are about 720 internship positions posted, both in-person and remote. The top three companies with the most postings are Amazon, Annapurna Labs, and VF.
- There are about 1,686 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of July 12, 2024.
- According to the U.S. Bureau of Labor Statistics, the Austin MSA reported an unemployment rate of 3.8% in July 2024, an increase of 0.6% from the prior month. The total number of unemployed in the Austin MSA is about 56,100. In July 2024, there were 12,610 more available job postings than the number of unemployed, a decrease of 9,159 compared to the previous month.
- In July 2024, the Austin region saw a total of about 340 jobs announced through new relocations or expansion plans. Companies announcing new location plans included Ascendion (Basking Ridge, NJ) with 140 jobs, Gorilla (Antwerp, Belgium) with 15 jobs, and Sourcability (Doral, FL). The expansion list represents 185 new jobs, including companies like Acutronic Aerospace Components Division, Dappier, Noveon Magnetics, Paradigm Manufacturing, Procore, and Strategic Thermal Labs.
- 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 three occupations posted were Management, Health Practitioners/Technicians, and Sales.
Top Posted Job Ads and Entry-Level Education
The table below represents the top three 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, 56% require postsecondary education beyond high school as the typical entry-level education.
Monthly Job Posting Trends
There were 9% fewer available job postings in July 2024 than in July 2023. New job postings increased roughly 7% 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 June 2024 is the sum of all posted ads from June 14, 2024, to July 13, 2024. This period is aligned with 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, 53% require some form of postsecondary education beyond high school as the typical entry-level education, and 52% 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 General and Operations, Marketing, and Sales.
Top 10 Tech Job Postings and Annual Median Wages
For all job postings under computer and mathematical occupations, 94% 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 Data Scientists.
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 65% 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, 61% 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 Dental Assistants.
Top 20 Skills in Greatest Demand
The top three common skills in demand by employers include communication, customer service, and management, reflecting 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 postings for this period come from Baylor Scott & White, The University of Texas System, and Ascension. Other top employers include Raytheon Technologies 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.
