Austin, Texas –
According to data released today from the Texas Workforce Commission, the Austin-Round Rock MSA* unemployment rate decreased from November 2022 to December 2022, and is now at 2.7%**, as represented by 36,833 unemployed residents. Key takeaways include:
- The Austin metro unemployment rate remains below Texas (3.6%) and national (3.3%) rates.
- According to TWC, the Austin metro lost 400 jobs from November to December. The region has experienced an annual growth rate of 2%, representing the collective addition of 50,900 jobs since December 2021.
- Furthermore, TWC reports unemployment in the Capital Area/Travis County region*** decreased to 2.6% from November to December, representing 21,237 unemployed residents.
- Note: The unemployment data released today is not seasonally adjusted.
December Job Growth/Losses by Industry in the Austin-Round Rock MSA:
Monthly Increases: Industries that experienced regional job growth from November to December include trade, transportation and utilities (2,800), professional and business services (2,500) and financial activities (400).
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- Other industries that experienced monthly job growth include information (100).
- Monthly Decreases: Leisure and hospitality (-2,800), manufacturing (-1,600) and mining, logging and construction (-800) experienced regional job losses from November to December.
- Other industries that experienced monthly job losses include other services (-500), government (-300) and education and health services (-200).
- Annual Increases: Leisure and hospitality experienced the greatest regional job growth over the past 12 months with an increase of 17.1%, followed by information (6.1%).
- Other industries that experienced annual job growth include professional and business services (5.0%), education and health services (5.0%) and manufacturing (4.8%).
- Annual Decreases: Mining, logging and construction (-4.6%) and government (-0.1%) jobs experienced an annual decrease.
“Bridging the gap between jobs and available talent, Workforce Solutions Capital Area was able to serve more than 18,000 local residents during the 2022 program year,” Melanie Flowers, board chair for Workforce Solutions Capital Area, said. “We’re dedicated to meeting Travis County residents where they are and offering as many virtual services as possible to make finding work or pursuing education as convenient as possible.”
An upcoming virtual job expo on January 24 will feature more than 25 employers from both public and private companies in a variety of industries. The event is free and available to Texans of all abilities. Those interested in participating are encouraged to register online.
Workforce Solutions Capital Area’s three career centers across Austin are available by phone, email, or in-person to serve residents and businesses impacted by economic changes caused by COVID-19. Residents seeking assistance can contact 512-454-9675 or visit wfscapitalarea.com to learn about services and resources for job seekers, employers, parents, and students.
Workforce Solutions Capital Area is the non-profit organization that serves as the leadership and governing body for the Austin/Travis County area workforce system. They are responsible for the planning, oversight, and evaluation of workforce development activities in the Capital Area. Learn more at WFSCapitalArea.com and follow along on Facebook, LinkedIn, Instagram, Twitter and YouTube.
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*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.
