According to data released today from the Texas Workforce Commission, the Austin-Round Rock MSA* unemployment rate decreased slightly from June 2024 to July 2024, and is now at 3.6%**, as represented by 53,522 unemployed residents. Key takeaways include:
- The Austin metro unemployment rate remains below the Texas (4.4%) and national rate (4.5%) in July.
- According to TWC, the Austin metro lost 12,600 jobs from June to July. The region has experienced an annual growth rate of 1.4%, representing the collective addition of 18,900 jobs since July 2023.
- Furthermore, TWC reports unemployment in the Capital Area/Travis County region*** decreased slightly to 3.5% from June to July, representing 30,670 unemployed residents.
- Note:The unemployment data released today is not seasonally adjusted.
July Job Growth/Losses by Industry in the Austin-Round Rock MSA:
- Monthly Increases:Industries that experienced regional job growth from June to July include mining, logging and construction (400), financial activities (400) and trade, transportation and utilities (300).
- Another industry that experienced monthly job growth is manufacturing (100).
- Monthly Decreases: Government, (-7,700), professional and business services (-4,200) and leisure and hospitality (-800) experienced regional job losses from June to July.
- Other industries that experienced monthly job decreases include information (-700), private education and health services (-300) and other services (-100).
- Annual Increases: Mining, logging and construction experienced the greatest regional job growth over the past 12 months with an increase of 4.4%, followed by government (4.3%).
- Other industries that experienced annual job growth include leisure and hospitality (3.5%), other services (3.2%), private education and health services (2.8%), financial activities (1.6%), trade, transportation and utilities (1.0%) and manufacturing (0.1%).
- Annual Decreases: Information (-5.8%) and professional and business services (-1.5%)experienced an annual decrease from July 2023 to July 2024.
*The Austin-Round Rock Metropolitan Statistical Area includes Bastrop, Caldwell, Hays, Travis, and Williamson counties.
**Unemployment rates listed are not seasonally adjusted.
***The Capital Area Workforce Development Area includes Travis County.
