Austin unemployment rate steady pace in 2013Austin unemployment rate steady pace in 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=54042013-12-20T10:10:00Z2013-12-20T00:00:00Z

AUSTIN - Austin's unemployment plateaued at around 5 percent throughout most of 2013 — nearly a full two points below the national average. The region's employers added 20,795 jobs between January 2013 and October 2013, according to the U.S. Bureau of Labor Statistics.

The new jobs outpaced labor force gains over the same period of 15,289, driving the not seasonally adjusted unemployment rate down from 5.8 percent in January to 5.1 percent in October.

The lowest national unemployment rates are found around areas benefiting from the new oil boom, like Bismark, North Dakota, which has an unemployment rate of 1.7 percent.

A similar oil boom has cut unemployment across Texas, especially in the western part of the state. The Midland Metropolitan Statistical Area leads the state with an unemployment rate of 3.1 percent. However, it seems unlikely Austin's more tech-focused economy will reach those levels.

For more employment statistics, see the employment category under Austin Market Data Sources.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2013/12/19/2013-austin-unemployment-rate-sets.htmlRead more at {Source}

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