News & Resources

February 2020 Labor Market Update

Austin-Area Unemployment Dips to 2.6%

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA dipped from 2.8% in January 2020 to 2.6% in February 2020. The 2.6% unemployment rate represented 33,412 residents seeking employment. The region’s unemployment rate remained below both the Texas (3.6%) and national (3.8%) rates.

The Austin-Round Rock MSA collectively added 10,100 jobs in February 2020. The region’s 3.3% annual growth rate represented the collective addition of 36,700 jobs since February 2019.

Further, unemployment in the Capital Area/Travis County held from 2.6% in January 2020 to 2.6% in February 2020. The 2.6% unemployment rate represented 19,331 residents seeking employment. The Capital Area/Travis County unemployment rate matched the overall Austin-Round Rock MSA rate, but remained below the state of Texas and national rates.

January 2020 Labor Market Update

Austin-Area Unemployment Rises to 2.7%

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA rose from 2.4% in December 2019 to 2.7% in January 2020. The 2.7% unemployment rate represented 34,489 residents seeking employment. The region’s unemployment rate remained below both the Texas (3.8%) and national (4.0%) rates.

The Austin-Round Rock MSA collectively lost 15,400 jobs in January 2020. The region’s 3.6% annual growth rate represented the collective addition of 39,400 jobs since January 2019.

Further, unemployment in the Capital Area/Travis County increased from 2.3% in December 2019to 2.6% in January 2020. The 2.6% unemployment rate represented 19,890 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 Stands with Austin to Support Workers and Businesses Impacted by COVID-19 Concerns

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AUSTIN – Workforce Solutions Capital Area reaffirms our support to Austin’s businesses and workers disrupted by concerns around the COVID-19 and offers an array of resources to help employers avert layoffs, and assist workers to find and keep employment. The Workforce Solutions’ team stands ready to provide proactive, business-focused responses to retaining workers and assisting in the event of a layoff.

Austin’s economy remains strong, with many job openings available for workers. As of March 10, 2020, Workforce Solutions Capital Area reported over 31,700 jobs postings in the Arts and Entertainment, and Hospitality and Tourism industries alone.

Workforce Solutions Capital Area offers at no cost many resources for Central Texans whose employment is impacted by concerns related to COVID-19. For businesses facing a layoff or closure as a result of economic changes related to COVID-19, Workforce Solutions Capital Area offers early intervention such as layoff aversion and outplacement services, at no cost, with a proactive, business-focused approach

 

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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