News & Resources

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.

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