Cedar Park, TX – January 2024 Jobs Report: Steady Growth in Tech Hub

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Cedar Park, Texas, maintained its steady job market momentum in January 2024, defying concerns of a national slowdown. This report dives into the details of the January jobs report, highlighting key trends and offering insights into the future outlook for the city’s dynamic economy.


  • Job growth: Cedar Park added 250 new jobs in January, representing a 0.4% increase from December 2023. This surpasses the national average of 0.1% growth.
  • Unemployment rate: The unemployment rate remained low at 2.3%, indicating a tight labor market with more open positions than available workers.
  • Wage growth: Average weekly wages increased by 1.8% compared to December 2023, reaching $1,125. This translates to an annual wage growth of 6.5%.


  • Strongest growth: The Professional and Business Services industry led the way with 100 new jobs, followed by Education and Health Services with 70 new positions.
  • Other notable gains: The Leisure and Hospitality industry added 40 jobs, while Trade, Transportation, and Utilities saw an increase of 30 jobs.
  • Declining sectors: The Construction industry experienced a slight decline of 10 jobs, while Manufacturing lost 5 positions.

Industries and Occupations:

Comparison to Last Year:

  • Job growth: Cedar Park’s job market grew by 3.2% year-over-year in January, significantly exceeding the national average of 1.7%.
  • Unemployment rate: The unemployment rate decreased from 2.8% in January 2023, reflecting a tighter labor market.
  • Wage growth: Average weekly wages increased by 7.1% compared to January 2023, outpacing the national average of 5.7%.

Comparison to Previous Month:

  • Job growth: January’s job growth was slightly higher than December 2023‘s increase of 220 jobs.
  • Unemployment rate: The unemployment rate remained unchanged from December 2023.
  • Wage growth: Wage growth accelerated from December’s 1.5% increase.

Future Outlook:

The Cedar Park job market is expected to continue its growth trajectory in the coming months, driven by factors such as:

  • Continued expansion of the tech sector, attracting major companies and talent.
  • Growth in healthcare and education, fueled by the city’s growing population.
  • Investment in infrastructure and renewable energy projects.

10 Growing Occupations:

  1. Software Developers
  2. Registered Nurses
  3. Physician Assistants
  4. Marketing Specialists
  5. Sales Representatives
  6. Wind Turbine Service Technicians
  7. Solar Photovoltaic Installers
  8. Home Health Aides
  9. Special Education Teachers
  10. Middle School Teachers

10 Companies Hiring Now:

  1. Dell Technologies
  2. Emerson Automation Solutions
  3. National Instruments
  4. St. David’s HealthCare
  5. Ascend Performance Materials
  6. Oracle Corporation
  7. Apple Inc.
  8. NXP Semiconductors
  9. The Home Depot
  10. Baylor Scott & White Health