News & Resources

August 2017 Labor Market Update

Austin-Area Unemployment Creeps Back Up to 3.4%

David Olson 0 41 Article rating: No rating

AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA* crept back up from 3.2%** in July 2017 to 3.4% in August 2017. The 3.4% unemployment rate represented 37,800 residents seeking employment. The region’s unemployment remained more than one point below both the Texas (4.5%)** and national (4.5%)** rates.

The Austin-Round Rock MSA collectively lost 1,900 jobs in August 2017. The region’s 2.1% annual growth rate represented the collective addition of 21,100 jobs since August 2016.

Further, unemployment in the Capital Area/Travis County*** increased from 3.1%** in July 2017 to 3.2% in August 2017. The 3.2% unemployment rate represented 22,204 residents seeking employment. The Capital Area/Travis County unemployment rate remained below the overall Austin-Round Rock MSA, state of Texas and national rates.

July 2017 Labor Market Update

Austin-Area Unemployment Inches Down to 3.2% in July

David Olson 0 38 Article rating: No rating

AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA* inched down from 3.4%** in June 2017 to 3.2% in July 2017. The 3.2% unemployment rate represented 36,400 residents seeking employment. The region’s unemployment remained more than one point below both the Texas (4.3%)** and national (4.6%)** rates.

Despite the decrease in the overall unemployment rate, the Austin-Round Rock MSA collectively lost 8,200 jobs in July 2017. The region’s 2.4% annual growth rate represented the addition of 24,400 jobs since July 2016.

Further, unemployment in the Capital Area/Travis County*** decreased from 3.3%** in June 2017 to 3.1% in July 2017. The 3.1% unemployment rate represented 21,406 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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