Austin-Round Rock-Georgetown MSA
(Austin MSA, August 14 – September 13, 2024)
Not for citation or circulation without permission from Opportunity Austin
INSIGHTS
- There were approximately 64,248 available job postings during the September 2024 reporting period, a decrease of 1,639 from the 65,887 postings in August 2024. There were 26,081 first-time job postings, an increase of 991 compared to the previous month. New job postings in August 2024 represented 41% of all available job postings, an increase of 2% from August 2024. New job postings increased by roughly 4% in the Austin and San Antonio metros, while the Houston and Dallas metros saw a 7.6% increase compared to the previous month.
- Approximately 13%, or 8,023, of all available job postings during the September 2024 reporting period fell under Management Occupations, while 6,298 postings fell under Healthcare Practitioners and Technical, with an additional 1,860 in Healthcare Support. This combined total of 8,158 healthcare-related postings reflects strong demand for healthcare talent in our region.
- There are currently about 858 postings indicating vaccination requirements, a decrease of 101 jobs compared to the previous month. Top employers mentioning vaccination requirements include CBRE, CVS Health, and KPMG.
- A total of 2,035 postings offered signing bonuses, a decrease of 95 postings compared to the previous month.
- Fifty-six percent, or 35,890, of available job postings pay an annual median wage between $25,000 and $75,000. Of these, 48%, or 17,075, require a high school diploma as the entry-level education, while 15%, or 5,327, require at least a bachelor’s degree.
- There are about 973 internship positions posted, both in-person and remote. The top three companies with the most internship postings are Amazon, VF, and HNTB.
- There are about 1,891 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom Platform as of September 12, 2024.
- According to the U.S. Bureau of Labor Statistics, the Austin MSA reported an unemployment rate of 3.7% in September 2024, an increase of 0.1% from the prior month. The total number of unemployed in the Austin MSA is about 54,500. In September 2024, there were 9,784 more available job postings than the number of unemployed, a decrease of 2,639 compared to the prior month.
- In September 2024, the Austin region saw a total of about 1,195 jobs announced through new relocations or expansion plans. Companies announcing new location plans included BillionToOne (Menlo Park, CA), creating 1,000 jobs, and Blueprint Projects (Austin, TX), creating 5 jobs. The expansion list represents 190 new jobs, including companies such as Cangshan Cutlery and EnergyX.
- Job postings measured in this report refer to employers actively advertising online. It is not a representation of job openings, which measure all positions that are open (but 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-month 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 with the most postings were in Management, Sales, and Computer and Math related occupations.
Top Posted Job Ads and Entry-Level Education
The table below represents the top three available job postings by typical entry-level educational requirement.
Typical Entry-Level Educational Requirements
For all job postings in the Austin MSA across occupations and industries, 54% require postsecondary education beyond high school as the typical entry-level education.
Monthly Job Posting Trends
There were roughly 1% fewer available job postings in September 2024 than in September 2023. New job postings decreased by roughly 9% 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 August 2024 is the sum of all posted ads from August 14, 2024, to September 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 demand.
Top 20 Job Postings and Annual Median Wages
For the top 20 job postings, 55% require some form of postsecondary education beyond high school as the typical entry-level education, and 55% pay an annual median salary over $65,000.
Top 10 Management Job Postings and Annual Median Wages
For all job postings under management occupations, 83% 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, 96% require some form of postsecondary education beyond high school as the typical entry-level education, and 72% require at least a bachelor’s degree. The top three job postings in this category are Registered Nurses, Health Technologists and Technicians, and Licensed Practical and Licensed Vocational Nurses.
Top 10 Healthcare Support Job Postings and Annual Median Wages
For all job postings under healthcare support occupations, 60% require a postsecondary credential beyond 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
Ten 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 The University of Texas System, Apple, and St. David’s Healthcare Partnership.
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.
