Skip to main content

Per KXAN News; Austin Texas unemployment stands lower than Texas, national rates

Austin unemployment stands lower than Texas, national rates

Updated: Nov 21, 2022 / 05:58 AM CST

AUSTIN (KXAN) — While the state makes record job gains, the Austin metro’s unemployment rate sits 1% lower than the Texas rate and also lower than the national rate.

Austin’s unemployment stands at 2.8%—unchanged from September—with over 38,000 unemployed people in the Austin metro area. This is lower than Texas’ 3.8% unemployment rate and below the 3.4% national rate, according to Workforce Solutions Capital Area, which covers Austin and Travis County.

The Austin metro added about 14,200 jobs between September and October, with a total of 56,900 jobs added since October 2021.

The professional/business services, leisure/hospitality, government, trade, transportation/utilities and manufacturing industries saw job growth from September to October.

Workforce Solutions Capital Area’s CEO Tamara Atkinson said there are growing concerns about layoffs in enterprise-sized businesses, particularly in the tech sector.

“However, the Austin job market remains strong, and many tech companies are still hiring for critical positions, and we know some that paused or slowed down hiring foresee normal hiring going into Q2 2023,” Atkinson said in a release.

Between September and October, the financial activities sector lost about 900 jobs—the greatest regional job loss.

According to the Texas Workforce Commission and the U.S. Bureau of Labor Statistics, Texas experienced the fastest annual job growth rate in a year through October 2022.

The state also broke its all-time record for total jobs for the 12th consecutive month, as employers added 49,500 nonfarm jobs last month.


Popular posts from this blog

Per Moneywise, Grant Cardone says, "I wouldn't touch the real estate markets of either Austin, Texas or Seattle Washington with a 10 foot pole."

‘I wouldn’t touch Austin, Texas or Seattle, Washington with anybody’s money’ : Grant Cardone says these two major US cities are some of 'the worst markets to be in right now' for real estate investors — here's why Story by Bethan Moorcraft • click here for the exact moneywise article  prolific real estate investor Grant Cardone has singled out two U.S. property markets he wouldn’t touch with a 10-foot pole: Austin and Seattle. Cardone shared this hot take — and many others — in an  interview with Moneywise  after he prompted an AI chatbot to answer the question: “What are the 10 best markets for investing in rental real estate in America?” The AI Smith response started with: “The best markets for investing in real estate in America can vary depending on factors such as population growth, job opportunities, rental demand, affordability and potential rental income.” Up until that point, Cardone — who performed the task live on camera — was pretty happy with the response. But

Sad News. Tim Harrington of Austin, Texas passed away in mid-February 2024 from a heart attack. His Memorial Service is 2/29/2024 2 pm, @ Austin Ridge Bible Church in Westlake.

The Above Photo was taken by Jim Innes during his Podium Eulogy talk for Tim Harrington. To Say the Westlake Austin Ridge Bible Church memorial service was PACKED, would be an understatement. Tim Harrington was a good man, and friend of many. He was relatable, authentic, funny, caring and social.    George Vance..... Just making sure you know that Tim Harrington passed away last weekend. Heart attack.  Tim’s Memorial Service will be: 2/29/24 at 2 PM at Austin Ridge Bible Church at 9300 Bee Cave Rd, Austin, TX 78733 in Westlake. At the Worship Center building. Please spread the word. GVM speaking here, "Tim showed up on my 40th birthday at Pitch N Putt for an afternoon of golf and bullshit. Tim was in good spirits that afternoon after boasting of his mega million dollar commercial fresh sale in SoCo. St. Elmo @ the ol' Hills Cafe.   Tim was a former SOUTHWESTERN door to door salesman and alumnus like me. A fellow bookman. Tim showed up @ my BookPeople booksigning event, for th

The Future of Clarksville & Old West Austin? West 12th and West Lynn Blvd. Recap of Meeting Between the Neighborhood & Zydeco Development.

 Recap of Meeting Between the Neighborhood & Zydeco Development That the CCDC Organized On December 6 th , the principals of Zydeco Development, Meghan Yancy and Wes Gilmer, as well as Miguel  Rivera with Miro-Rivera Architects, talked with neighborhood residents about its plans for redeveloping thebuilding that formerly housed Nau’s, and where Anthony’s is still located, the parking lot between Anthony’s and CafĂ© Medici, the house where the coffee house is located, and the two houses on Eason that back up to the parking lot. Zydeco, a small, local real estate development firm founded by Howard Yancy, closed on all of this real estate  about three months ago. Miguel Rivera who lives on Patterson, is Zydeco’s architect for the project. Meghan lives on 14 th Street. During the meeting, Miguel and Meghan emphasized that they understand how important the properties along West Lynn are to the neighborhood, especially the “Nau’s building,” because they are neighbors. Meghan explained