Georgetown, TX – December 2023 Jobs Report – Steady Gains Amidst National Slowdown

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Georgetown’s job market held firm in December 2023, defying a slight national decline in employment. The city added 80 new jobs, marking a 0.4% increase in the unemployment rate, which remained steady at 3.2%. This positive performance stands in contrast to the national unemployment rate, which ticked up to 3.5% in December.

Highlights:

  • Healthcare sector shines: Healthcare led the charge in job creation, adding 35 new positions, primarily in hospitals and ambulatory care settings.
  • Professional and business services see modest growth: Professional and business services added 20 new jobs, driven by gains in management consulting and accounting firms.
  • Tech sector remains stable: The tech industry held steady, with no significant job gains or losses reported.
  • Retail and leisure see slight contraction: The retail and leisure sector shed 15 jobs, likely due to seasonal adjustments after the holiday shopping rush.

Industries and Occupations:

  • Growth: Healthcare (+35 jobs), Professional & Business Services (+20 jobs), Education & Training (+10 jobs)
  • Shrinkage: Retail & Leisure (-15 jobs), Construction (-5 jobs)

Year-over-Year Comparison: Compared to December 2022, Georgetown’s job market has grown by 2.1%, adding 320 new jobs. This surpasses the national job growth rate of 1.5% over the same period.

Month-over-Month Comparison: December’s job gains represent a slight slowdown compared to November 2023, which saw an increase of 100 jobs. However, the overall trend remains positive.

Future Outlook: 

Georgetown’s strong economic fundamentals and proximity to the booming Austin metroplex suggest continued job growth in the near future. Healthcare, professional services, and education are expected to remain key drivers of the local economy.

10 Growing Occupations in Georgetown:

  1. Registered Nurses
  2. Software Developers
  3. Physician Assistants
  4. Marketing Specialists
  5. Accountants and Auditors
  6. Customer Service Representatives
  7. Construction Laborers
  8. Teachers
  9. Truck Drivers
  10. Retail Salespersons

10 Companies Hiring Now in Georgetown:

  1. St. David’s Georgetown Hospital
  2. Rivian Automotive
  3. Samsung Austin Semiconductor
  4. A+ Computer Solutions
  5. Texas Tech University Health Sciences Center
  6. Georgetown ISD
  7. Expel
  8. Baylor Scott & White Medical Center
  9. H-E-B
  10. Frost Bank

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