Austin-Area Unemployment Drops to 2.7% in October
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’s unemployment rate remained nearly one point below both 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.
