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May 2019 Labor Market Update

Austin-Area Unemployment Dips to 2.2% 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 decreased from 2.3% in April 2019 to 2.2% in May 2019. The 2.2% unemployment rate represented 26,966 residents seeking employment. The region’s unemployment rate remained below both the Texas (2.9%) and national (3.4%) rates.

The Austin-Round Rock MSA collectively added 7,700 jobs in May 2019. The region’s 2.4% annual growth rate represented the collective addition of 25,400 jobs since May 2018.

Further, unemployment in the Capital Area/Travis County decreased from 2.2% in April 2019 to 2.1% in May 2019. The 2.1% unemployment rate represented 15,521 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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