For another month, the Austin metro area lands near the top of the list in terms of economic and job growth. In the latest CenTex Economy Report by the Austin Chamber of Commerce, Austin is ranked as the third-best performing metro in the United States.
71,000 jobs were added from January 2022 to January 2023, the report said, a growth of 5.8 percent over the 12 month period.
The fastest job growth was seen in the leisure and hospitality sector, which grew its workforce by 14.5 percent. Wholesale trade saw employment growth of 11.7 percent.
Austin’s seasonally adjusted unemployment rate is at 3.0 percent.
Austin made up all of 2020’s pandemic-related job losses by April 2021, and the metro area ranks first for job growth since February 2020.
CLICK HERE to see the full report.
