News & Resources

June 2018 Labor Market Update

Austin-Area Unemployment Inches Up to 3.2% in June

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA* increased from 2.8% in May 2018 to 3.2% in June 2018. The 3.2% unemployment rate represented 38,100 residents seeking employment. The region’s unemployment rate remained significantly below both the Texas (4.2%)** and national (4.2%)** rates.

The Austin-Round Rock MSA collectively added 5,500 jobs in June 2018. The region’s 3.4% annual growth rate represented the collective addition of 35,700 jobs since June 2017.

Further, unemployment in the Capital Area/Travis County*** also increased from 2.7% in May 2018 to 3.1% in June 2018.  The 3.1% unemployment rate represented 22,087 residents seeking employment. The Capital Area/Travis County unemployment rate remained below the overall Austin-Round Rock MSA, state of Texas and national rates.

May 2018 Labor Market Update

Austin-Area Unemployment Remains Below 3.0% in May

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA held steady at 2.8% from April 2018 to May 2018. The 2.8% unemployment rate represented 32,900 residents seeking employment. The region’s unemployment rate remained significantly below both the Texas (3.7%) and national (3.8%) rates.

The Austin-Round Rock MSA collectively added 5,800 jobs in May 2018. The region’s 3.3% annual growth rate represented the collective addition of 33,900 jobs since May 2017.

Further, unemployment in the Capital Area/Travis County also remained unchanged at 2.7% from April 2018 to May 2018. The 2.7% unemployment rate represented 19,213 residents seeking employment. The Capital Area/Travis County unemployment rate remained below the overall Austin-Round Rock MSA, state of Texas and national rates.

Workforce Solutions Capital Area Selected to Lead Outcomes Rate Card Development with Social Finance in Austin

Outcomes rate cards are a menu of desired outcomes and their associated value, and are used to standardize performance-based financing

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AUSTIN – Workforce Solutions Capital Area has been selected as an awardee for the Outcomes Rate Card Development competition led by Social Finance, a nonprofit organization dedicated to mobilizing capital to drive social progress, and will participate in developing some of the first outcomes rate cards in the nation.

Workforce Solutions Capital Area will receive technical assistance from Social Finance for 12 months to plan, design, and execute an outcomes rate card that targets educational and employment outcomes in Austin and Travis County. Services will target residents of low-to-moderate income to improve limited education and language skills, credential completion, job placement, retention, and earnings.

“We are excited about the opportunity to partner with Social Finance in this year-long project,” says Tamara Atkinson, Chief Executive Officer of Workforce Solutions Capital Area.

April 2018 Labor Market Update

Austin-Area Unemployment Drops Below 3.0% in April

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA dropped from 3.1% in March 2018 to 2.8% in April 2018. The 2.8% unemployment rate represented 32,800 residents seeking employment. The region’s unemployment rate remained significantly below both the Texas (3.8%) and national (3.7%) rates.

The Austin-Round Rock MSA collectively added 4,100 jobs in April 2018. The region’s 3.5% annual growth rate represented the collective addition of 36,300 jobs since April 2017.

Further, unemployment in the Capital Area/Travis County also dropped from 3.0% in March 2018 to 2.7% in April 2018. The 2.7% unemployment rate represented 19,244 residents seeking employment. The Capital Area/Travis County unemployment rate remained below the overall Austin-Round Rock MSA, state of Texas and national rates.

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Workforce Solutions Capital Area is an Equal Opportunity Employer/Program. Auxiliary aids and services are available, upon request, to persons with disabilities. Relay Texas: 1.800.735.2989 (TDD) / 711 (Voice).

Equal Opportunity is the Law