Austin-Area Unemployment Drops to 2.8% in August
AUSTIN – Figures released by the Texas Workforce Commission today show the unemployment rate in the Austin-Round Rock MSA decreased from 2.9% in July 2019 to 2.8% in August 2019. The 2.8% unemployment rate represented 33,673 residents seeking employment. The region’s unemployment rate remained below both the Texas (3.6%) and national (3.8%) rates.
The Austin-Round Rock MSA collectively added 100 jobs in August 2019. The region’s 2.1% annual growth rate represented the collective addition of 22,200 jobs since August 2018.
Further, unemployment in the Capital Area/Travis County decreased from 2.8% in July 2019 to 2.7% in August 2019. The 2.7% unemployment rate represented 19,476 residents seeking employment. The Capital Area/Travis County unemployment rate remained below the overall Austin- Round Rock MSA, state of Texas and national rates.