Austin-Round Rock-San Marcos, TX
| Data Series | Jan 2022 | Apr 2022 |
|---|---|---|
| Unemployment Rate(2) | 3.3 | 2.5 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 1,202.3 | 1,228.8 |
| 12-month % change | 8.5 | 7.6 |
What is the current unemployment rate in Austin TX?
2.90%
Austin, TX Unemployment Rate is at 2.90%, compared to 2.60% last month and 4.20% last year.
Basic Info.
| Report | Metropolitan Area Employment and Unemployment |
|---|---|
| Categories | Employment , Hours and Wages |
Does Austin have a good job market?
According to the Greater Austin Chamber of Commerce, Austin ranked as the best-performing job market among the 50 biggest metro areas from February 2020 to March 2022.
What is the employment rate in Texas now?
Texas Unemployment Rate is at 4.10%, compared to 4.20% last month and 5.90% last year.
How many people are employed in Austin?
Labor Force, Employment & Unemployment, 2021
| LABOR FORCE | EMPLOYMENT | |
|---|---|---|
| Austin MSA | 1,306,125 | 1,253,061 |
| Bastrop Co. | 45,101 | 43,084 |
| Caldwell Co. | 19,988 | 19,008 |
Is unemployment high in Texas?
The seasonally adjusted Texas unemployment rate was 4.1 percent, a decrease of 0.1 percentage points from May 2022. In terms of COVID recovery, employment has expanded by 464,900 jobs above the February 2020 level.
How fast is Austin Texas growing?
Austin was one of the slowest-growing cities in the state, only increasing its population by 1,056 between July 2020 and July 2021, an increase of just 0.1%.
What is the highest paying job in Austin Texas?
Obstetricians and Gynecologists
Detailed List Of Highest Paying Jobs In Austin
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Obstetricians and Gynecologists | $375,200 |
| 2 | Pediatricians, General | $298,760 |
| 3 | Chief Executives | $279,910 |
| 4 | Family Medicine Physicians | $271,910 |
What is the job market like in Austin TX?
The Austin metro area has experienced an annual growth rate of 6.7%, representing the collective addition of 68,883 jobs since May 2021, according to the Texas Workforce Commission. The Austin metro area’s unemployment rate remains below the Texas rate of 3.8% and the national rate of 3.4%.
What is the hottest job market right now?
Here are the 10 most popular industries among job-seekers right now, according to ResumeBuilder:
- Advertising and marketing.
- Computer and information technology.
- Health care.
- Business and finance.
- Retail.
- Food and hospitality.
- Education.
- Arts and entertainment.
Where are most jobs in Texas?
Which Texas city has the most job opportunities? The Texas cities with the largest job growth from 2021-2022 include Tyler, Austin, Round Rock, Midland, and Dallas. All of these cities report yearly job growth over 5%.
What city in Texas has the lowest unemployment rate?
The Amarillo and Midland Metropolitan Statistical Areas (MSA) recorded the month’s lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 2.6 percent, followed by the Austin-Round Rock, College Station-Bryan and Lubbock MSAs with a rate of 2.7 percent.
Are there a lot of job opportunities in Texas?
The Texas labor market appears to have rebounded from the pandemic, with rapid population growth driving a demand for jobs. The state ended 2021 with about 13.06 million nonagricultural jobs — about 89,600 more jobs than in February 2020, before the onset of the pandemic, according to the Texas Workforce Commission.
What is the median salary in Austin TX?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 24.6 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $75,752 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $44,829 |
What is middle class in Austin?
defines middle-class households as those earning $45,000 to $74,999 a year. The study says 37.5 percent of middle-class households in the Austin area are “cost-burdened” when it comes to housing. It cites $80,954 as the median household income and 57.6 percent as the homeownership rate.
Is Austin overpopulated?
This city is crowded. It comes as no surprise to Austinites. And it’s only getting worse. The city’s population is expected to increase to nearly 4 million people by 2040.
How is the job market in Texas?
Overall, Texas is considered to be a great place to find a new job with many different fields and levels of skill and experience represented. The population growth is expanding the leisure and hospitality sector, as well as retail and other service-based industries.
Which state has highest unemployment rate?
Here are the 10 states with the highest unemployment rate: New Mexico (5.30%) Nevada (5.00%) Alaska (4.90%)
Unemployment Rate by State 2022.
| State | Unemployment Rate |
|---|---|
| California | 4.60% |
| Illinois | 4.60% |
| Delaware | 4.50% |
| New York | 4.50% |
Why does Texas have a high unemployment rate?
Meanwhile, the U.S. labor force has shrunk twice as much, and stands 2.5% lower than one year ago. So Texas has a smaller decline in employment, but also a smaller decline in the labor force, and the resulting unemployment rate in Texas is higher than the national level.
Why are people moving to Austin?
Austin is one of the fastest growing cities in the US, and for good reason. The economy is booming, the culture is fantastic, and the weather can’t be beat. Roughly 50 people move to Austin every day.
What percent of Austin is black?
According to the U.S. Census Bureau the racial composition of Austin is: Anglo (Non-Hispanic White): 48.9% Hispanic or Latino: 34.5% African American: 7.6%