A new study released May 16 indicates that tech jobs in semiconductor and software will continue to grow. The study, prepared by the Simon Management Group, indicates that Austin tech sector has recovered from the recent downturn. Engineer and programmer hiring is projected to increase by as much as 20% as Austin tech companies increase spending research and development. Combine this with Austin’s reputation as a hotbed for venture capital startups and the university reaincubator effect, the future employment picture is bright.

New jobs indicate that the Austin real estate market will remain strong.