AUSTIN, Texas — The job market in Texas is seeing record growth for a ninth month in a row.
According to workforce nonprofit Workforce Solutions, Texas added 72,800 jobs during the month of July. Those numbers come as Texas unemployment rates are at their lowest since February 2020.
The Austin-Round Rock area has one of the lowest in the state, at 3.1%. And from June to July 2022, the unemployment rate did not fluctuate with around 41,457 unemployed residents.
Some other key takeaways include:
- The Austin metro unemployment rate remains below Texas (4.3%) and national (3.8%) rates.
- According to TWC, the Austin metro gained 2,600 jobs from June to July. The region has experienced an annual growth rate of 6.0%, representing the collective addition of 70,900 jobs since July 2021.
- Furthermore, TWC reports unemployment in the Capital Area/Travis County region*** also remained steady at 3% from June to July, representing 23,914 unemployed residents.
- Note: The unemployment data released today is not seasonally adjusted.
- Monthly increases: Industries that experienced regional job growth from June to July include professional and business services (5,000), education and health services (3,200) and trade, transportation and utilities (1,600).
- Other industries that experienced monthly job growth include leisure and hospitality (700), other services (500), and information (400)
- Other industries that experienced monthly job growth include leisure and hospitality (700), other services (500), and information (400)
- Monthly decreases: Government (-8,300) and mining, logging and construction (-600) experienced regional job losses from June to July.
- Annual increases: Leisure and hospitality experienced the greatest regional job growth over the past 12 months with an increase of 13.3%, followed by professional and business services (10.6%) and information (8.6%).
- Other industries that experienced annual job growth include manufacturing (8.2%), education and health services (5.5%), and trade, transportation and utilities (5.5%).
- Annual decreases: Mining, logging and construction jobs experienced a decrease (-2.1%), as well as government (-0.1%).
“Job creation is actually increasing at a steady rate in our region,” Melanie Flowers, board chair for Workforce Solutions Capital Area, said. “From 2016 to 2021, jobs increased by 16% in the Austin metro, and this change far outpaces the national job growth rate of 1.8%.”
Click here for a closer look at the data.
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