According to the Texas Workforce Commission, the Austin-Round Rock-San Marcos MSA gained 5,800 jobs last month lowering the unemployment rate to 7.2%, down from its peak of 7.6% last month. The total number of non-agricultural employment in the MSA grew to 756,400 indicating an annual growth rate of -0.6%. More than half of the gain is due to government jobs. While the gains may seem positive, they are in line with seasonal patterns (e.g. the IRS added staff for the tax season). Next month, we should expect to see at least 5,000 jobs added based on last years’ figures, especially considering how crazy this SXSW was compared to last. Finally, Austin's unemployment rate of 7.2% is still below the state (8.3%) and the national (10.4%) unemployment rates.
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