AUSTIN, Texas – According to data released today from the Texas Workforce Commission, the Austin-Round Rock MSA* unemployment rate decreased slightly from October 2023 to November 2023, and is now at 3.0%**, as represented by 44,472 unemployed residents. Key takeaways include:
- The Austin metro unemployment rate remains below the Texas (3.5%) and national rates (3.5%) in November.
- According to TWC, the Austin metro gained 6,900 jobs from October to November. The region has experienced an annual growth rate of 2.8%, representing the collective addition of 36,800 jobs since November 2022.
- Furthermore, TWC reports unemployment in the Capital Area/Travis County region*** decreased slightly to 3.0% from October to November, representing 25,912 unemployed residents.
- Note: The unemployment data released today is not seasonally adjusted.
November Job Growth/Losses by Industry in the Austin-Round Rock MSA:
Monthly Increases: Industries that experienced regional job growth from October to November include trade, transportation, and utilities (4,600), government (2,500) and professional and business services (800).
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- Other industries that experienced monthly job growth include financial activities (700), private education and health services (400), other services (300) and information (100).
- Monthly Decreases: Leisure and hospitality (-1,400), manufacturing (-700) and mining, logging and construction (-400) experienced regional job losses from October to November.
- Annual Increases: Mining, logging and construction experienced the greatest regional job growth over the past 12 months with an increase of 10.3%, followed by private education and health services (6.0%).
- Other industries that experienced annual job growth include professional and business services (4.7%), other services (4.6%), government (3.7%) and financial activities (1.9%).
- Annual Decreases: Leisure and hospitality (-2.3%), manufacturing (-2.1%) and information (-1.5%) experienced an annual decrease from November 2022 to November 2023.
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.
