Austin's Robust Job Market: Thriving Tech and Diversified Growth

The job market in Austin has been robust, though it has shown some variability in recent months. As of January 2025, Austin had approximately 59,617 available job postings, a slight decrease from the 61,730 postings in December 2024.

The employment landscape in Austin is characterized by steady growth, with the city adding 28,500 jobs in 2024, resulting in a job growth rate of 2.1%. This places Austin as the 5th fastest-growing major metro area. Over the past year, the strongest job gains were in education and health services, financial activities, and construction and natural resources.

Key statistics include an annualized job growth rate of 1.2% from December 2024 to March 2025, and an average hourly earnings figure of $35.65. The unemployment rate in Austin ticked up to 3.5% in February 2025, which is still below the state and national rates.

Major industries driving employment in Austin include high-tech sectors such as computer and electronics manufacturing, telecommunications, and professional and business services. These sectors have grown faster than both Austin's total nonfarm employment and the nation's high-tech employment.

Recent developments show a slowdown in employment growth in February 2025, with sectors like education and health services and manufacturing experiencing job declines. However, trade, transportation, and utilities, as well as leisure and hospitality, saw gains.

Seasonal patterns indicate that while employment growth slowed in February, it remains faster than the state and national averages over the year. Commuting trends are not explicitly detailed in recent reports, but the overall labor force in Austin has increased slightly.

Government initiatives focus on maintaining a skilled workforce, which is deemed essential for the state's continued economic success. The market evolution is marked by a strong high-tech sector and diverse industry growth.

In conclusion, Austin's job market is strong with significant growth in key sectors, though it has experienced some recent slowdowns. The city's unemployment rate remains low, and the high-tech sector continues to outperform national averages.

Current job openings include positions in software engineering, data science, and healthcare management, reflecting the demand in high-tech and health services sectors.

Episode Transcript

Speaker 1 (00:00):
This is your Austin Job Market Report Daily podcast, and
here is what we know for today. The job market
in Austin has been robust, though it has shown some
variability in recent months. As of January twenty twenty five,
Austin had approximately fifty nine thousand, six hundred seventeen available
job postings, a slight decrease from the sixty one thousand,

(00:20):
seven hundred thirty postings in December twenty twenty four. The
employment landscape in Austin is characterized by steady growth, with
the city adding twenty eight thousand, five hundred jobs in
twenty twenty four, resulting in a job growth rate of
two point one per cent. This places Austin as the
fifth fastest growing major metro area over the past year.

(00:40):
The strongest job gains were in education and health services,
financial activities, and construction and natural resources. Key statistics include
an annualized job growth rate of one point two per
cent from December twenty twenty four to March twenty twenty five,
and an average hourly earnings figure of thirty five dollars
and sixty five cents. The unemployment rate in Austin ticked

(01:02):
up to three point five percent in February twenty twenty five,
which is still below the state and national rates. Major
industries driving employment in Austin include high tech sectors such
as computer and electronics, manufacturing, telecommunications, and professional and business services.
These sectors have grown faster than both Austin's total non

(01:22):
farm employment and the nation's high tech employment. Recent developments
show a slow down in employment growth in February twenty
twenty five, with sectors like education and health services and
manufacturing experiencing job declines. However, trade, transportation and utilities, as
well as leisure and hospitality saw gains. Seasonal patterns indicate

(01:45):
that while employment growth slowed in February, it remains faster
than the state and national averages over the year. Commuting
trends are not explicitly detailed in recent reports, but the
overall labor force in Austin has increased slightly. Government initiatives
focus on maintaining a skilled workforce, which is deemed essential
for the state's continued economic success. The market evolution is

(02:09):
marked by a strong high tech sector and diverse industry growth.
In conclusion, Austin's job market is strong, with significant growth
in key sectors, though it has experienced some recent slow downs.
The city's unemployment rate remains low, and the high tech
sector continues to outperform national averages. Current job openings include

(02:31):
positions in software engineering, data science, and health care management,
reflecting the demand in high tech and health services sectors.
And that is it for today. Hit the subscribe button.
This has been a quiet please production with the help
of AI. Thanks for listening.