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Austin Named Nation's No.1 Boomtown and Strongest Market For Job Seekers By Linkedin

Tuesday, August 14th, 2018 at 1:24pm Engel & Völkers Austin

LinkedIn on Aug. 10 said the Texas capital is attracting more workers than any other place in the country, with hiring in July up more than 14 percent from a year earlier.

Meanwhile, MagnifyMoney ranked Austin as the nation's No. 1 "boomtown," a designation based on things such as wage growth, population gains and economic vitality. Austin was followed by Provo, Utah, and Raleigh, North Carolina.

No surprise here but MagnifyMoney, a website for comparing credit cards, found that Austin's housing stock isn't keeping up with population growth, so that No. 1 ranking might slip in the years to come.

According to the LinkedIn report, for every 10,000 of its users in Austin, 105 have arrived in the metro area in the past 12 months.

Of those new arrivals, 10.5 percent are from Houston, 7.6 percent are from the San Francisco Bay Area and 4.8 percent are from New York City. Still, Austin has a shortage of workers skilled in software development and data storage, according to LinkedIn, which means companies are still pulling workers in from afar and jobseekers continue to flood in to fill the gaps.

Meanwhile, the most people leaving Austin are headed for Denver, Odessa-Midland in West Texas, and Seattle.

By comparing job postings on its website with the profiles of Austin users, LinkedIn broke down the different "skills" that are in surplus and those that we lack. Austin does well for many professional services skills such as management accounting, law and property management but lags far behind on the technology side.

Info courtesy of Austin Business Journal and Linkedin

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