According to the Texas Workforce Commission, the Austin-Round Rock-San Marcos MSA lost 8,600 jobs last month bringing the unemployment rate to 7.6%. The total number of non-agricultural employment in the MSA declined to 750,200 indicating an annual growth rate of -1.3%. Half of the decline is due to retail trade jobs. However, this is not all bad news. In January 2009, we lost 12,800 jobs which shows we lost 33% less jobs last month than the same time last year. Also, majority of the jobs lost was due to seasonal holiday hiring and firing. Finally, Austin's unemployment rate of 7.6% is still below the state (8.6%) and the national (10.6%) unemployment rates.
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