Austin's job market in late 2025 presents a complex picture shaped by ongoing economic transitions. The city maintains relatively low unemployment between 3.3 and 3.5 percent, reflecting continued economic strength despite recent industry-specific challenges. However, this aggregate figure masks significant shifts occurring beneath the surface.
The technology sector, which fueled Austin's meteoric growth over the past decade, experienced notable contraction with the information technology sector shedding 2,900 jobs in 2024, representing a 5.7 percent decline according to real estate analysis from Team Price Real Estate. This downturn has created ripple effects throughout the housing market and broader economy. The area's median family income reached 133,800 dollars in fiscal year 2025 according to the U.S. Department of Housing and Urban Development, up nearly 40 percent since 2019, though this growth was primarily driven by the high-paying tech sector that is now contracting.
Major employers continue to include Austin Energy, which recently appointed Stuart Reilly as General Manager effective November 2, 2025. The utility company remains a significant public sector employer with over 18 years of operations in the region. The city also hosts growing finance and commerce sectors, with companies like Commerce, parent company of BigCommerce, maintaining headquarters operations.
The labor market shows resilience in certain areas. Fox 7 Austin reports that more than half of the city's renters are cost-burdened, spending over 30 percent of income on housing, indicating wage pressures remain despite low unemployment. The apartment vacancy rate reached 9.85 percent, nearly triple the 2021 level, after 26,000 new units entered the market simultaneously.
Recent developments include workforce initiatives and hiring events. The Texas Workforce Commission hosts statewide hiring fairs connecting veterans and transitioning military personnel with employers. Academic institutions continue providing talent pipelines, with Austin recognized by WalletHub as having excellent economic environment and employment opportunities for college graduates.
Current job openings include positions at Apple in Austin across multiple departments, finance roles at Southern Methodist University in nearby Dallas, and opportunities with Workforce Solutions Rural Capital Area serving the greater Austin region. Jackson Walker recently advised on transactions closing in September 2025, indicating continued legal and professional services activity.
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