Austin Texas MSA unemployment numbers drop again!

[Aaron Gordy]

The employment numbers are out from Texas Workforce Commission. Austin is at the lowest unemployment levels in the state at 2.8% decreasing on a month to month basis from 3.0. Year over year is a much clearer indication as to account for seasonal demand and that shows that Austin metro has decreased from 3.6% to the 2.8%. Overall the cumulative labor force has increased from on a year over year basis from 1,319,000 to 1,355,600 presently.  If you look at the less indicative month to month basis (it doesn't account for seasonal demand) the cumulative labor force has increased from 1,352,400 to 1,355,600. That indicates there are 106 new employees moving to the city daily on a month to month basis and 100 on an annual basis.  Once you factor in their families there are even more folks moving here daily. The unemployment numbers are super low. Any one that wants a job can get a job here. Boomtown!