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Austin, Texas Jobs

By
Real Estate Sales Representative with Discover Texas Homes

AUSTIN FORGING AHEAD ON JOB GAINS

Austin Business Journal

3/27/2008

Employment in the Austin area increased by 3.2 percent in the last year, according to the latest labor market figures.

The Austin-Round Rock metropolitan area had about 767,600 jobs as of February, that's 6,400 more than January and 24,100 more than in February 2007.

The local employment sectors showing the biggest increase in new jobs in the last 12 months were construction (5.1 percent), professional and business services (5.2 percent) and leisure and hospitality (5.3 percent).

The local unemployment rate stands at 3.6 percent, down from 3.8 percent a year ago.

Employers added about 235,000 new jobs across Texas in the last year, dropping the state's unemployment rate from 4.5 percent to 4.1 percent. That's a 2.3 percent increase in total Texas jobs over the 12-month period.

"Texas has once again reached a prominent benchmark - a more than 30-year record low for unemployment," says newly appointed Texas Workforce Commission Chairman Tom Pauken. "Our falling unemployment, coupled with this month's significant job gains, indicates the sustained health and vitality of the Texas economy."

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