Austin Has the Lowest Unemployment Rate in Texas

Posted by Kent Redding on Monday, January 23rd, 2017 at 1:23pm

By the Kent Redding Group

AUSTIN, TX. – Thanks to a recent report from Texas Workforce Commission, and Community Impact, we know that Austin has the lowest unemployment rate in the state of Texas.

From December 2015 and December 2016, over 210,000 jobs were added in the Austin Texas area, including 800 non-farm jobs, keeping the unemployment rate steady at 4.6 percent.

Strong Workforce Growth

There’s no denying that the Austin-Round Rock area saw strong job growth in 2016, especially in the health services and education services industries, both industries saw huge year-over-year gains of 7,300 jobs while the hospitality and leisure industries saw gains of 3,900 jobs total

Manufacturing also remains strong in the area with 1,400 jobs added in 2016 and economists continue to expect strong job growth in Austin this year in spite of a new President of the United States and a changing economy.

“These numbers are a testament to the perseverance and resilience of our Texas employers and the diversity of our Texas economy,” - TWC Commissioner Ruth R. Hughs - Source 

Nerd Wallet Ranks Austin As the Best City to Search for A Job In 2017

Besides the good news about Austin’s strong job growth, many publications, including NerdWallet, have ranked Austin as the best city to search for a job in 2017 especially if you work in the tech industry since a full-time worker here can earn a median income of $45,669.

Although the tech industry continues to be one of the primary reasons why people, especially Millennials, move to Austin, the quality of non-technical jobs has also improved in recent years. Thanks to new standards by companies like Apple, more construction workers are getting trained better training and this is resulting in less on the job deaths, more efficiency and higher quality work overall.

Thankfully, the enhanced training and safety standards that construction workers are receiving in Austin and the surrounding areas is also helping many workers to receive a higher rate of pay too and more employees report being treated with greater dignity/respect when compared to the treatment that they received on their previous jobs.

Learn More About Austin Texas

To learn more about Austin Texas, or to search for a home in the area, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.

 

 

 

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