The job market in Round Rock, TX, saw a slight increase in employment in January 2024 compared to December 2023. However, the growth rate was slower compared to the national average.
Highlights
- The unemployment rate in Round Rock remained steady at 3.1%, the same as the previous month and below the national average of 3.4%.
- Job growth was concentrated in the professional and business services sector, which added 500 new jobs.
- The leisure and hospitality sector also saw modest job gains, adding 100 new positions.
- Manufacturing and construction sectors continued to shed jobs, losing a combined total of 150 positions.
What Industries and Occupations Grew
- Professional and business services: This sector added 500 new jobs, primarily in management, professional, and technical occupations.
- Leisure and hospitality: The sector added 100 new jobs, mainly in food service and accommodation establishments.
What Industries and Occupations Shrank
- Manufacturing: The sector lost 100 jobs, primarily in production and transportation occupations.
- Construction: The sector lost 50 jobs, mostly in construction and laborer occupations.
Compare to Same Month Last Year
Compared to January 2023, the Round Rock job market has added 2,500 new jobs. The professional and business services sector was the biggest contributor to this growth, adding 1,000 new jobs. The leisure and hospitality sector also saw significant job gains, adding 500 new positions. However, the manufacturing sector lost 200 jobs compared to January 2023.
Compare to Previous Month
Job growth in Round Rock slowed down in January compared to December 2023. The job market added 300 new jobs in December, while only 200 new jobs were added in January. This slowdown is likely due to seasonal factors.
Future Outlook
The future outlook for the Round Rock job market is positive. The city is home to a number of large employers, including Dell Technologies and Apple, which are expected to continue to expand their operations in the coming year. Additionally, the professional and business services sector is expected to continue to be a source of job growth. However, the manufacturing sector is likely to face headwinds due to ongoing global supply chain challenges.
10 Growing Occupations in Round Rock, TX (Source: [bls.gov])
- Registered nurses
- Software developers and programmers
- Customer service representatives
- Marketing specialists and marketing managers
- Computer systems analysts
- Management analysts
- Medical and health services managers
- Financial analysts
- Sales managers
- Database administrators
10 Companies Hiring Now in Round Rock, TX (Source: [indeed.com])