Fri April 20, 2012
Austin Area Unemployment Rate Down to Six Percent
The unemployment rate is down again in the Austin area.
According to Workforce Solutions, the unemployment rate for March dropped to six percent — that’s just a tenth of a percent lower than in February but remains well below the state and national averages.
Workforce Solutions Capital Area Executive Director Alan Miller says things are moving in the right direction at a slow and steady pace.
“If we can crack that six percent, get down into the five percent range, then I think we’re moving forward very well at that point. We’re getting close. I would hope to see us break that sometime in the next two to three months," said Miller
The Austin area gained about 1800 jobs in March — that’s a slower growth rate than we’ve been seeing. The number of construction jobs dropped significantly (by about 2,300), but more jobs were added in other areas. Altogether, about 19,000 jobs have been added in the region in the past year.