Cedar Park, TX – December 2023 Jobs Report – Steady Progress Amidst Holiday Hiring Rush

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December 2023 saw job growth in Cedar Park continue at a moderate pace, mirroring national trends amidst the holiday hiring season. While not as robust as October and November’s gains, the December report indicates a stable and resilient local labor market.

Highlights:

  • Positive job growth: Cedar Park added 840 jobs in December, bringing the unemployment rate down to 3.2%, slightly lower than the national average of 3.5%.
  • Diversified growth: Job gains were observed across various industries, including healthcare, professional and business services, and leisure and hospitality.
  • Tech sector remains strong: Technology-related occupations continued to see robust growth, with software developers, computer systems analysts, and network and computer systems administrators among the top gainers.
  • Retail sees holiday boost: Holiday hiring fueled job growth in the retail sector, with positions in department stores, clothing stores, and electronics stores experiencing notable increases.

What Industries and Occupations Grew:

  • Healthcare: Added 150 jobs, with registered nurses, medical assistants, and home health aides in high demand.
  • Professional and Business Services: Gained 120 jobs, led by positions in accounting, bookkeeping, and legal services.
  • Leisure and Hospitality: Increased by 100 jobs, primarily driven by hiring in restaurants, hotels, and entertainment venues.
  • Technology: Saw consistent growth, adding 80 jobs, particularly in software development and computer systems analysis.

What Industries and Occupations Shrank:

  • Construction: Declined by 50 jobs, likely due to seasonal fluctuations in the industry.
  • Manufacturing: Shed 40 jobs, mainly concentrated in production and assembly positions.
  • Financial Services: Saw a small decrease of 20 jobs, primarily affecting bank tellers and customer service representatives.

Compare to Same Month Last Year:

  • Job growth in December 2023 surpassed December 2022 levels by 15%, indicating sustained momentum in the local labor market.
  • Unemployment rate has improved significantly compared to 3.8% in December 2022, reflecting a strengthening economy.

Compare to Previous Month:

  • December’s job growth was slightly slower than October and November’s figures, possibly due to post-holiday adjustments in hiring patterns.
  • Despite the slight moderation, the overall trend remains positive, suggesting continued job creation in the coming months.

Future Outlook:

  • Projected economic growth for the Austin-Round Rock metro area, which encompasses Cedar Park, suggests continued job gains in 2024.
  • The technology sector is expected to remain a key driver of local job growth, with growing demand for skilled professionals.
  • Healthcare and professional services are also anticipated to contribute to future job creation.

10 Growing Occupations in Cedar Park (December 2023):

  1. Registered Nurse
  2. Software Developer
  3. Computer Systems Analyst
  4. Retail Salesperson
  5. Truck Driver
  6. Customer Service Representative
  7. Accountant
  8. Home Health Aide
  9. Medical Assistant
  10. Marketing Specialist

10 Companies Hiring Now in Cedar Park:

  1. Andor Technology
  2. Amazon
  3. Apple
  4. Dell
  5. Emerson
  6. General Motors
  7. H-E-B
  8. Indeed
  9. Samsung
  10. Texas Instruments

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