AUSTIN, Texas — New numbers have been released from the Texas Workforce Commission (TWC) regarding the unemployment rate for the Austin area between March to April 2023.
The TWC reported that unemployment is at 3.1%. The commission highlighted the following takeaways from the latest unemployment report:
- The Austin metro gained 7,700 jobs between March and April
- An annual growth rate of 4.1% with a collective addition of 51,100 jobs since April 2022
- The Travis County area reported a decrease of 3% between March and April with 25,675 unemployed
The report also broke down the April job growth and losses by industry. There were increases between March and April for the following industries:
- Professional and business services: 2,800
- Leisure and hospitality: 1,800
- Mining, logging and construction:1,600
- Financial activities: 1,500
- Information: 800
Leisure and hospitality saw the greatest job growth with 11.7%. Behind that were other services at 6.1%, manufacturing at 5.5%, professional and business services at 4.8% and information at 4.7%.
According to the report, private education and health services saw a decrease of 1,300 and trade, transportation and utilities reported a decrease of 900. However, annually, no industries reported a decrease between April 2022 to April 2023.
Overall, Texas added 31,800 jobs in April, according to seasonally adjusted and benchmarked payroll employment numbers included in the report.
Boomtown is KVUE's series covering the explosive growth in Central Texas. For more Boomtown stories, head to KVUE.com/Boomtown.