Austin Unemployment Rate Decreases for April


According to data released Friday from the Texas Workforce Commission, the Austin-Round Rock Metropolitan Statistical Area’s unemployment rate decreased from March 2023 to April 2023, and is now at 3.1%.  The MSA includes Bastrop, Caldwell, Hays, Williamson, and Travis County.

Key takeaways of the latest report include:

  • The Austin metro unemployment rate remains below the Texas rate (3.7%) and was the same as the national rate (3.1%) in April.
  • According to TWC, the Austin metro gained 7,700 jobs from March to April. The region has experienced an annual growth rate of 4.1%, representing the collective addition of 51,100 jobs since April 2022.
  • Furthermore, TWC reports unemployment in the Capital Area/Travis County region decreased to 3.0% from March to April, representing 25,675 unemployed residents.
  • Note: The unemployment data released Friday is not seasonally adjusted.

April Job Growth/Losses by Industry in the Austin-Round Rock MSA: 

  • Monthly Increases: Industries that experienced regional job growth from March to April include professional and business services (2,800), leisure and hospitality (1,800) and mining, logging and construction (1,600).
  • Other industries that experienced monthly job growth include financial activities (1,500) and information (800).
  • Monthly Decreases: Private education and health services (-1,300) and trade, transportation and utilities (-900) experienced regional job losses from March to April.
  • Annual Increases: Leisure and hospitality experienced the greatest regional job growth over the past 12 months with an increase of 11.7%, followed by other services (6.1%).
    • Other industries that experienced annual job growth include manufacturing (5.5%), professional and business services (4.8%) and information (4.7%).
  • Annual Decreases: No industries experienced an annual decrease from April 2022 to April 2023.

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