Georgetown, TX – January 2024 Jobs Report – Steady Growth Despite National Slowdown

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Overview: The Georgetown, TX job market kicked off 2024 with a positive note, experiencing continued growth despite national economic headwinds. While the January report shows a slight slowdown compared to December 2023, it reveals a stable and promising job market for the year ahead.

Highlights:

  • Overall job growth: The Georgetown metro area saw a 1.2% increase in total nonfarm jobs compared to December 2023. This translates to roughly 500 new jobs added to the local economy.
  • Strongest sectors: The Professional & Business Services (+2.4%) and Trade, Transportation & Utilities (+2.2%) sectors led the job gains, reflecting the ongoing growth in these areas within the Georgetown economy.
  • Leisure & Hospitality rebound: After a seasonal dip in December, the Leisure & Hospitality sector saw a welcome 1.9% increase in jobs, indicating a positive outlook for the tourism industry.

Industries and Occupations on the Rise:

  • Professional & Business Services: This sector continues to be a major driver of job creation in Georgetown, with occupations like Management Analysts, Marketing Specialists, and Computer Systems Analysts experiencing significant growth.
  • Healthcare: The demand for healthcare professionals remains high, with Registered Nurses, Physician Assistants, and Home Health Aides experiencing job growth.

Industries and Occupations Facing Challenges:

  • Manufacturing: The manufacturing sector witnessed a slight decline in jobs (-0.3%), primarily due to seasonal adjustments. However, long-term prospects remain positive due to the presence of major manufacturing companies in the area.
  • Information: The Information sector saw a modest job decline (-0.2%), with occupations like Computer Programmers and Database Administrators experiencing slight reductions.
  • Financial Activities: The Financial Activities sector witnessed a small decrease in jobs (-0.1%), primarily due to national trends and automation in certain areas.

Year-over-Year Comparison:

Compared to January 2023, the Georgetown job market has grown by 2.8%, adding nearly 1,200 new jobs. This indicates a steady and consistent growth trajectory for the local economy.

Month-over-Month Comparison:

While job growth slowed down slightly compared to December 2023, the overall trend remains positive. The January report suggests a stable and resilient job market in Georgetown.

Future Outlook:

The Georgetown job market is expected to continue its growth trajectory in 2024. Key areas of expansion include:

  • Healthcare: Growing demand for medical services will drive job creation in this sector, particularly for nurses, therapists, and home healthcare workers.
  • Technology: The tech industry is expected to see continued growth, with opportunities in software development, cybersecurity, and data analytics.
  • Education: The education sector is projected to add jobs in areas like special education, early childhood education, and technology integration.

Top 10 Growing Occupations in Georgetown, TX (January 2024):

  1. Registered Nurses
  2. Physician Assistants
  3. Home Health Aides
  4. Software Developers
  5. Management Analysts
  6. Marketing Specialists
  7. Logistics Coordinators
  8. Transportation Security Specialists
  9. Warehouse Workers
  10. Computer Systems Analysts

Top 10 Companies Hiring Now in Georgetown, TX (February 2024):

  1. Baylor Scott & White Health
  2. St. David’s HealthCare
  3. City of Georgetown
  4. Williamson County
  5. Apple Inc.
  6. Round Rock Independent School District
  7. Dell Technologies
  8. H-E-B
  9. Amazon
  10. National Instruments

Sources:

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