News & Resources

August 2018 Labor Market Update

Austin-Area Unemployment Drops Back Down to 3.0% in August

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA dropped from 3.1% in July 2018 to 3.0% in August 2018. The 3.0% unemployment rate represented 35,800 residents seeking employment. The region’s unemployment rate remained nearly one point below both the Texas (3.9%) and national (3.9%) rates.

The Austin-Round Rock MSA collectively added 3,900 jobs in August 2018. The region’s 3.3% annual growth rate represented the collective addition of 33,600 jobs since August 2017.

Further, unemployment in the Capital Area/Travis County also decreased from 3.0% in July 2018 to 2.9% in August 2018. The 2.9% unemployment rate represented 20,891 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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