Austin, TX – January 2024 Job Market Report – Robust Growth Continues

, ,


Austin’s job market remained strong in January 2024, continuing the positive trend observed throughout 2023. The latest report indicates significant job growth across various sectors, solidifying Austin’s position as a major economic hub in the United States.


  • The unemployment rate in Austin dipped to 2.9% in January 2024, reflecting a tight labor market and high demand for skilled workers.
  • Professional and business services, leisure and hospitality, and construction industries led the job growth surge.
  • While some sectors experienced minor job losses, the overall trend points towards a healthy and expanding job market.

What Industries and Occupations Grew

  • Professional and Business Services: This sector witnessed the most significant job gains, with a particular increase in demand for occupations like computer and mathematical occupations, management occupations, and architecture and engineering occupations.
  • Leisure and Hospitality: Fueled by a recovering tourism industry, hotels, restaurants, and entertainment venues added a substantial number of jobs in January.
  • Construction: The construction industry continued its upward trajectory, fueled by ongoing residential and commercial development projects in the Austin area.

What Industries and Occupations Shrunk

  • Manufacturing: The manufacturing sector witnessed a slight decline in jobs, potentially due to automation and outsourcing trends.
  • Retail Trade: Similar to a national trend, Austin’s retail sector shed a small number of jobs, likely due to the growing shift towards e-commerce.

Compare to Same Month Last Year

Austin’s job market in January 2024 displayed significant growth compared to January 2023. The unemployment rate has decreased by 0.7 percentage points, and most major industries have added jobs over the year.

Compare to Previous Month

Job growth in Austin accelerated slightly from December 2023 to January 2024. This indicates a continuously expanding job market with increasing demand for workers.

Future Outlook

The Austin job market is expected to remain robust in the coming months. The city’s strong economic fundamentals, coupled with a growing business base and a highly skilled workforce, position it for continued job creation.

10 Growing Occupations

According to the Bureau of Labor Statistics (BLS) [US Bureau of Labor Statistics,], the following occupations are projected to experience the fastest employment growth in Austin between 2022 and 2032:

  1. Solar Photovoltaic Installers
  2. Wind Turbine Service Technicians
  3. Statisticians and Mathematicians
  4. Database Administrators and Database Architects
  5. Physician Assistants
  6. Software Developers, Applications
  7. Nurse Practitioners
  8. Medical Assistants
  9. Marketing Specialists
  10. Biomedical Engineers

10 Companies Hiring Now

Here are a selection of employers actively recruiting:

  1. Tesla
  2. Samsung
  3. Dell Technologies
  4. Apple
  5. Meta Platforms
  6. Amazon
  7. PayPal
  8. Oracle
  9. Charles Schwab
  10. State Farm Insurance


  • US Bureau of Labor Statistics