Austin Jobless Rate Dips to 5.1 Percent
Austin’s economy added 30,500 jobs over the last year. The latest employment report shows the jobless rate dropped to 5.1 percent last month from 5.6 percent in April 2012.
The recent job growth happened as more people were moving to the Austin-area looking for work. The civilian labor force grew by more than 27,000 in the past 12 months.
The fastest growing job sector was construction, the result of a boom in new home building driven by growing demand and increasingly scarce supplies of houses and apartments.
The jobs report is produced with U.S. Census Data and distributed by the Texas Workforce Commission. It covers Austin’s entire metropolitan area from Round Rock to San Marcos.
Statewide, the unemployment rate was unchanged at 6.4 percent. But Texas employers added 326,100 jobs in the past year, and the civilian labor force grew to an all-time high of more than 12.7 million workers.