The Austin area experienced the greatest jobs gain in Texas last month, as unemployment dropped half a percentage point.
In August, the Austin area added 5,900 jobs, according to the Workforce Solutions Capital Area Workforce Board. This brings the Austin unemployment rate down from 6.4 percent in July to 5.9 percent in August. This is third time this year that the unemployment rate has dropped below six percent. Prior to April 2012, Austin had not seen an unemployment rate below six percent since 2009.
Tiffany Daniels, of Workforce Solutions Capital Area explains where Austin saw its biggest gains:
In professional and business services, we saw gains of 2,300 hires in August. That is one of our strongest segments [in Austin], and again, expect to see continued growth in those areas. Local government, retail trade and financial activities also saw significant increases of 1300 and 900, respectively.