Labor Market Insights

Instawork's monthly summary of changes in roles, pay, demographics, and tightness in the local labor market:

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Average hourly pay via Instawork data chart, for the Austin market

Government Statistics

$34.4

mean hourly pay

$0.2 higher than the national mean*

3%

unemployment rate

0.5% lower than the national average**

1.2%

higher consumer prices

relative to the national average***

* Bureau of Labor Statistics, all occupations, December 2023

** Bureau of Labor Statistics, headline unemployment rate, November 2023

*** Bureau of Economic Analysis, January 2022