News & Resources

November 2018 Labor Market Update

Austin-Area Unemployment Unchanged at 2.7% in November

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AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA stayed at 2.7% in November 2018. The 2.7% unemployment rate represented 32,400 residents seeking employment. The region’s unemployment rate remained nearly one point below both the Texas (3.5%) and national (3.5%) rates.

The Austin-Round Rock MSA collectively added 5,000 jobs in November 2018. The region’s 3.3%annual growth rate represented the collective addition of 35,200 jobs since November 2017.

Further, unemployment in the Capital Area/Travis County remained unchanged at 2.6% fromOctober 2018 through November 2018. The 2.6% unemployment rate represented 18,879 residentsseeking employment. The Capital Area/Travis County unemployment rate remained below the overallAustin-Round Rock MSA, state of Texas and national rates.

October 2018 Labor Market Update

Austin-Area Unemployment Drops to 2.7% in October

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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 2.9% in September 2018 to 2.7% in October 2018. The 2.7% unemployment rate represented 32,400 residents seeking employment. The region’sunemployment rate remained nearly one point below both the Texas (3.5%) and national (3.5%) rates.

The Austin-Round Rock MSA collectively added 5,600 jobs in October 2018. The region’s 3.9% annual growth rate represented the collective addition of 40,400 jobs since October 2017.

Further, unemployment in the Capital Area/Travis County also decreased from 2.9% in September 2018 to 2.7% in October 2018. The 2.7% unemployment rate represented 18,917 residents seeking employment. The Capital Area/Travis County unemployment rate remained below the overall Austin- Round Rock MSA, state of Texas and national rates.

Workforce Solutions Capital Area Seeks Employer Feedback on Hiring Challenges

Survey is Hosted in Conjunction with the Austin Chamber

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AUSTIN – Workforce Solutions Capital Area (Workforce Solutions), in conjunction with the Greater Austin Chamber of Commerce (Austin Chamber), is partnering with The Graduate! Network to encourage Austin/Travis County-area businesses to complete the Bridging the Talent Gap employer survey by December 31. The survey is available at http://tiny.cc/BridgingTalentGapSurvey (full address: https://bridgingthetalentgap.org/austin-employer-survey).

The goal of the survey is to identify and address skill shortages and opportunities for public-private partnerships across our community. Local employers representing various industries will be asked to share the key challenges they face in attracting, retaining and upskilling the talent needed to grow their businesses.

“Our community is known as an economic powerhouse with low unemployment and a highly skilled workforce,” says Tamara Atkinson, Chief Executive Officer of Workforce Solutions Capital Area. “However, to maintain that positive reputation and momentum, it is becoming increasingly crucial for the voices of local employers to be clearly heard and reflected in new initiatives. Employers need to be both thought partners and the final ‘customers’ in the workforce development system.”

September 2018 Labor Market Update

Austin-Area Unemployment Drops to 2.9% in September

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Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA dropped from 3.0% in August 2018 to 2.9% in September 2018. The 2.9% unemployment rate represented 34,600 residents seeking employment. The region’s unemployment rate remained nearly one point below both the Texas (3.8%) and national (3.6%) rates.

The Austin-Round Rock MSA collectively added 4,800 jobs in September 2018. The region’s 3.1% annual growth rate represented the collective addition of 32,000 jobs since August 2017.

Further, unemployment in the Capital Area/Travis County also decreased from 2.9% in August 2018 to 2.8% in September 2018. The 2.8% unemployment rate represented 20,278 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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Workforce Solutions Capital Area is an Equal Opportunity Employer/Program. Auxiliary aids and services are available, upon request, to persons with disabilities. Relay Texas: 1.800.735.2989 (TDD) / 711 (Voice).

Equal Opportunity is the Law