Austin’s Unemployment Rate and Job Growth

November 30, 2017
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Great news for the city of Austin…below, please find the article from Austin’s Chamber of Commerce.

NOVEMBER 21, 2017 – JOB GROWTH & UNEMPLOYMENT


POSTED BY BEVERLY KERR | NOV 21, 2017
CENTRAL TEXAS ECONOMY IN PERSPECTIVE

· Austin added 22,200 net new jobs, growth of 2.2%, in the 12 months ending in October, making Austin the 17thfastest growing major metro.

·  Wholesale trade was the fastest growing industry in the Austin MSA, increasing jobs by 7.1% (3,500 jobs) over the last 12 months. Leisure and hospitality added the most jobs—6,000 (4.9% growth).

· Manufacturing jobs grew 5.1% year-over-year, outpacing private industry growth for the seventh month in a row.

· Austin’s seasonally adjusted unemployment rate is 2.6%, reduced from 2.9% in September. Texas’ rate fell below 4.0% for the first time since the published data begins in 1976.