According to data released Friday from the Texas Workforce Commission, the Austin-Round Rock Metropolitan Statistical Area — which includes Bastrop, Caldwell, Hays, Williamson, and Travis County — saw a decline in its unemployment rate from August 2023 to September 2023, and is now at a non-seasonally adjusted 3.6%. Other key takeaways include:
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The Austin metro unemployment rate remains below the Texas rate (4.1%) and is the same as the national rate (3.6%) in September.
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According to TWC, the Austin metro gained 11,500 jobs from August to September. The region has experienced an annual growth rate of 3.3%, representing the collective addition of 42,200 jobs since September 2022.
September Job Growth/Losses by Industry in the Austin-Round Rock MSA:
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Monthly Increases: Industries that experienced regional job growth from August to September include government (6,500), trade, transportation and utilities (1,700) and professional and business services (1,700).
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Other industries that experienced monthly job growth include private education and health services (1,500) and leisure and hospitality (1,000).
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Monthly Decreases: Information (-400), manufacturing (-300), financial activities (-100) and other services (-100) experienced regional job losses from August to September.
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Annual Increases: Leisure and hospitality experienced the greatest regional job growth over the past 12 months with an increase of 7.0%, followed by mining, logging and construction (6.6%).
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Other industries that experienced annual job growth include other services (5.7%), manufacturing (3.5%), professional and business services (3.5%) and private education and health services (3.5%).
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Annual Decreases: Information (-1.3%) experienced an annual decrease from September 2022 to September 2023.
