News & Resources

September 2018 Labor Market Update

Austin-Area Unemployment Drops to 2.9% in September

David Olson 0 0 Article rating: No rating

Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA dropped from 3.0% in August 2018 to 2.9% in September 2018. The 2.9% unemployment rate represented 34,600 residents seeking employment. The region’s unemployment rate remained nearly one point below both the Texas (3.8%) and national (3.6%) rates.

The Austin-Round Rock MSA collectively added 4,800 jobs in September 2018. The region’s 3.1% annual growth rate represented the collective addition of 32,000 jobs since August 2017.

Further, unemployment in the Capital Area/Travis County also decreased from 2.9% in August 2018 to 2.8% in September 2018. The 2.8% unemployment rate represented 20,278 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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