Austin Job Postings Report March 2023

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Austin - Round Rock - San Marcos MSA
(February 14, 2023 - March 13, 2023)
austinchamber.com/jobpostings

Not for citation or circulation without permission from the Austin Chamber of Commerce

Posted on 04/20/2023 by Erica Colston

Edited by Gilbert Zavala

Insights

This edition uses Lightcast’s Developer tool which deduplicates job postings more accurately. Developer codes job postings to SOC 2018 occupational codes, allowing for more granular reporting on occupational trends. This report previously used the Labor Insight tool which is being phased out by Lightcast, but continues to use HWOL datasets aligned with mid-monthly unemployment figures.
Job Postings measured in this report refer to the 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.
There were approximately 68,000 Available Job Postings during the March 2023 monthly reporting period, a slight decrease from 69,000 postings when compared to February 2023. There were 24,794 New (first-time) Job Postings, a decrease of 1,530 first-time postings when compared to the previous month. New (first-time) Job Postings in March 2023 represented 37 percent of all Available Job Postings – a 1 percent decrease compared to the prior month. New Job Postings in the Austin, Dallas, and Houston metros decreased compared to the prior month, though Austin decreased at a lower rate.
Approximately 13 percent or 8,555 of all Available Job Postings during the March 2023 reporting period fell under Management Occupations while 8,339 Available Job Postings fell under Healthcare Practitioners and Technical Occupations, showing continued strong demand for experienced or senior talent and healthcare talent in our region.
There are currently about 3,319 postings indicating vaccination requirements, or mentions of vaccination requirements, a decrease of 276 postings compared to the previous month. Most of the vaccination mentions are posted by companies like KPMG, UnitedHealth Group, US Oncology, Compass Group, and Texas Children's Hospital.
6,020 postings offered "signing bonuses," a decrease of 43 postings when compared to the previous month.
·Forty-three percent or 29,251 of Available Job Postings pay an annual median wage between $30,000 to $65,000. Of these, 55 percent or 16,182 will require a high school diploma as the entry-level education, and 16 percent or 4,583 will require at least a bachelor's degree.
There are about 970 internship positions posted, in-person or remote. The top three companies with the most postings are Advanced Micro Devices, the State of Texas, and Tesla.
There are about 1,903 jobs posted within the Austin venture capital, startup, scaleup, and innovation ecosystem on the Austin Ecosystem Dealroom.io Platform as of April 13, 2023.
According to the U.S. Bureau of Labor Statistics, the Austin MSA reported among the lowest unemployment rates in the state again, at 3.7% in February 2023. The total number of unemployed in the Austin MSA is about 52,800.In February 2023, there were 15,135 more available job postings than the unemployed.
In March 2023, the Austin region saw a total of about 179 jobs announced through new relocations or expansion plans. Emerald Cloud Lab (San Francisco, CA), Jefferson Bank (San Antonio, TX), Northland Investment Corp (Newton, MA), and Sorterra Alloys (Markle, IN) have announced new location plans, creating over 155 new jobs in Austin. The expansion list representing over 24 jobs includes Advanced Manufacturing Solutions and Visionary Fiber Technologies.

The following job market report is designed to provide insight into current employer demands, skills, and occupations in the Austin MSA.

Typical Entry-Level Educational Requirements

The chart below lists the percentage breakdown of the Typical Entry-Level Educational Requirements for the Available Job Postings in the Austin–Round Rock–Georgetown MSA from February 14, 2023 to March 13, 2023.

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.

Monthly Job Posting Trends

The chart below shows the Monthly Ad Trends under Available Job Postings and New (first-time) Job Postings in the Austin-Round Rock-Georgetown MSA from March 2017 through March 2023.

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. 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 March 2023 is the sum of all posted ads from February 14, 2023 to March 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 Skills in Greatest Demand

The table below lists the Top 25 Skills in Greatest Demand under Available Job Postings in the Austin–Round Rock–Georgetown MSA from February 14, 2023 to March 13, 2023.

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.

Top 25 Certificates in Greatest Demand

The table below lists the Top 25 Certificates in Greatest Demand under Available Job Postings in the Austin–Round Rock–Georgetown MSA from February 14, 2023 to March 13, 2023.

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.

Top 25 Employers

The table below lists the Top 25 Employers that posted the most Available Job Postings in the Austin–Round Rock–Georgetown MSA from February 14, 2023 to March 13, 2023.

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.

Related Categories: Education and Talent