Updated Austin Unemployment Figures

[Jacob Pereira]

Official unemployment figures for the Austin economy were updated today. Numbers for June have been finalized and preliminary figures for July have now been made available.

June

The unemployment rate fell to 7.3% in June. 87,500 positions were added, with only 43,000 workers entering the labor force causing the unemployment rate decrease. Nonfarm payrolls increased by 35,600. Labor categories with significant additions include Trade, Transportation, and Utilities adding 5,900 positions, Leisure and Hospitality adding 18,500 positions, and Other Services adding 6,900 positions.

July (preliminary)

The unemployment rate fell to 6.7% in July. 16,700 positions were added, with only 10,100 workers entering the labor force causing the unemployment rate decrease. The overall Nonfarm Payrolls figure did not change significantly. No individual sector saw significant employment changes.