Austin Texas metro unemployment numbers just in 4.5%

[Aaron Gordy]

Year over year Austin metro employment (in thousands) increased from 1034.7 to 1,211. Unemployment decreased from 11.8% to 4.5%. The leisure and hospitality market made the strongest moves with a 55.8% increase. That is to be expected given that vaccinations for Covid 19 are on the rise nationwide and the tourism industry opening up. I fully expect the overall employment numbers to increase significantly once Tesla, Apple, etc is completed and the unemployment percentage will go down. The restaurants are competing heavily for employees. I saw a Chipotle banner near my house advertising 18$ per hour. Very interesting!