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

Why Austin Neighborhoods Are Best to Retire To

Come to Austin for retirement and find out how easy it is to get comfortable and have everything you need right at your fingertips.

Perfect Game Brings Mixed-Use Development to Hutto

Hutto, Texas is growing just outside of Austin with large companies such as the Perfect Game choosing it as their new headquarter location.

US Census Austin Population Growth

The Austin-Round Rock MSA population is on the increase, according to recent U.S. Census Bureau reports. Find out where Austin ranks.

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

VIEW THE DIGITAL EDITION

    

REQUEST A FREE COPY

Edit ModuleShow Tags
Edit ModuleShow Tags