Austin jobless rate drops to lowest point in five yearsAustin jobless rate drops to lowest point in five yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=51382014-01-29T06:37:00Z2014-01-28T00:00:00Z

AUSTIN - In 2013 Austin had its worst year for job creation since the recession — but it would still be a stretch to describe the local labor market as anything other than robust. Employers in the metro area added 23,700 jobs during 2013, an increase of 2.8 percent, according to Texas Workforce Commission.

It was the first time Austin’s annual job-creation rate dipped under 3 percent since 2009. The local jobless rate dropped to 4.5 percent in December, down from 4.7 percent the month before.

Austin-area employers added 900 jobs in December, an essentially flat rate of growth that’s typical for the month. The number of Austin-area residents working or looking for work increased by about 23,800 people last year, a rise of 2.5 percent.

That labor force growth, however, was outstripped by the increase in the number of employed residents, which grew by 27,600 people, or 3 percent.

For the full report, see the Texas Workforce Commission, Austin American-Statesman and Austin Market Data Sources.

Austin American-Statesman
Austin-Round Rock
http://www.mystatesman.com/news/business/austin-jobless-rate-drops-to-lowest-point-in-five-/nc2bb/Read more at {Source}

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