News & Resources

July 2018 Labor Market Update

Austin-Area Unemployment Inches Down to 3.1% in July

Tiffany Daniels 0 0 Article rating: No rating

AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA* dropped from 3.2% in June 2018 to 3.1% in July 2018. The 3.1% unemployment rate represented 36,600 residents seeking employment. The region’s unemployment rate remained significantly below both the Texas (4.0%)** and national (4.1%)** rates.

The Austin-Round Rock MSA collectively lost 13,800 jobs in July 2018. The region’s 2.9% annual growth rate represented the collective addition of 30,000 jobs since July 2017.

Further, unemployment in the Capital Area/Travis County*** also decreased from 3.1% in June 2018 to 3.0% in July 2018.  The 3.0% unemployment rate represented 21,275 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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