Austin Unemployment Rate Still in Decline




 

Austin has long been known for its incredibly low unemployment rate, particularly in the last half decade, when residents of other cities have struggled in the face of lay-offs and high unemployment. In fact, much of Austin's decades-long population boom can be attributed to Austin's job market. Incredibly, however, Austin's falling unemployment rate has continued to tumble even lower. 

As of October 2015, the unemployment rate in Austin had dropped to a minuscule 2.9%, while the national average was at 4.8%. Although both the national and Austin unemployment rates have been lowering over the last 6 years, Austin’s rate has continually stayed 2.5% lower, on average, versus the national unemployment rate.

Before the recession hit in 2008, Texas had peaked with over 10.6 million jobs. As of November 2015, Texas had not only recovered back to that peak level, but also added over 1.2 million extra jobs to it.  

Updated 3/16/2016

 

Did you like what you read here? Order your FREE copy of Austin Relocation Guide!

 

Edit ModuleShow Tags

Related Content

DELL Bumped | Austin Has New #1 Largest Employer

There are plenty of career opportunities available at this growing private-sector employer.

Sunfield - A Master-Planned Community In Buda,Texas

Sunfield Offers Master-Planned Living from the $190s in Buda, Texas - just outside of Austin.

Caliterra in Dripping Springs Features Amazing Amenities

Located in the acclaimed Dripping Springs ISD, the master-planned community of Caliterra showcases stunning Texas Hill Country views along Onion Creek.

Add your comment:
Edit ModuleShow Tags
Edit ModuleShow Tags Edit ModuleShow Tags
Edit Module

Digital Edition

Austin Relocation Guide
Request a FREE copy
Edit ModuleShow Tags
Edit ModuleShow Tags