Austin employment drops to second-lowest rate of 2014

AUSTIN – Austin’s seasonally unadjusted unemployment rate dropped to 3.9 percent in November, its second-lowest level in 2014, according to the Texas Workforce Commission.

The rate is also down from the 4.7 unemployment rate recorded in the Austin area in November 2013. Austin’s lowest unemployment rate in 2014 — 3.8 percent — arrived in April.

The decline in November mirrors a seasonal trend seen in previous years in the Austin area, where unadjusted unemployment levels typically drop to their annual low-water marks in the last months of the year before trending upward in January.

Texas as a whole added 34,800 seasonally adjusted total non-farm jobs in November. So far in 2014, 441,200 jobs have been added across Texas.

Statewide, the unemployment rate dropped to 5.1 percent, down from 6.1 percent unemployment in November 2013.

For more employment stats, check out the Texas Workforce Commission.