Overall unemployment rate stayed flat at 3.1% with the biggest shift in Government, which lost 8,300 roles, based on the most recently available information published in August 2022.
Total employment in the Austin-Round Rock, TX market rose by 3,490 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Austin-Round Rock, TX unemployment rate is 68 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 6.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Business Services: 263,700; +5,000
- Transportation & Utilities: 201,700; +1,600
- Government: 178,500; -8,300
- Restaurants & Hotels: 142,300; +700
- Education & Healthcare: 142,100; +3,200
- Financial Services: 76,700; +200
- Construction, Mining: 73,200; -600
- Manufacturing: 71,000; -100
- IT & Development: 50,400; +400
- Other Jobs: 46,400; +500
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.