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.
