Unemployment

Texas
12:51 pm
Thu December 27, 2012

Fewer State Layoffs in 2012

The state laid off fewer employees this year than in 2011 - in part because so many were laid off last year.
Nathan Bernier, KUT News

The number of state employees let go this year was down dramatically compared to 2011, according to a report from the State Auditor's Office. But that’s mainly because so many people lost their jobs last year, after lawmakers slashed the two-year state budget by $14 billion. 

Those cuts led to a round of government layoffs: 1,225 people lost their jobs last year as the result of a "reduction in force," the bureaucratic term used to label job cuts caused by budget reductions. This year, that number was 96. A lot of people were fired for other reasons, but the number of state employees "involuntarily" laid off still dropped by more than 15 percent compared to last year.

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Economy
9:33 am
Thu December 27, 2012

Jobless Claims Fell by 12,000 Last Week

The line at a job fair earlier this month in Manhattan.
John Moore Getty Images

Originally published on Thu December 27, 2012 7:45 am

There were 350,000 first-time claims for unemployment benefits last week, down 12,000 from the week before, the Employment and Training Administration reports. That's the lowest level since early March 2008.

The agency adds that "the 4-week moving average," which tends to smooth out some of the volatility that comes with the weekly figures, "was 356,750, a decrease of 11,250 from the previous week's revised average of 368,000."

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2012 Presidential Election
10:25 am
Fri November 2, 2012

Final Pre-Election Jobs Report Can Be Spun By Both Obama And Romney

President Obama gives a girl a high five at a campaign rally in Hilliard, Ohio, on Nov. 2.
Jewel Samad AFP/Getty Images

Originally published on Fri November 2, 2012 12:20 pm

(Revised @ 12 p.m. ET)

The final monthly jobs report before Tuesday's general election contained something for both President Obama and Republican Mitt Romney to work into their closing arguments to voters.

For Obama, it was the news that the economy in October created significantly more jobs — 171,000 — than many economists had forecast. And the Labor Department revised upward the job numbers for September and August, suggesting even more underlying strength in the economy than earlier appeared to be the case.

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Economy
7:36 am
Fri November 2, 2012

Job Growth Beats Forecasts; Unemployment Rate Is 7.9 Percent

How many signs like this were there in October? We got a clue today.
Justin Sullivan Getty Images

Originally published on Fri November 2, 2012 10:37 am

The nation's unemployment rate edged up to 7.9 percent in October from 7.8 percent in September, the Bureau of Labor Statistics says.

But private and public employers added 171,000 jobs to their payrolls — nearly 50,000 more than economists had expected.

So the news is somewhat mixed: While the jobless rate remained stuck near 8 percent, job growth was better than forecast.

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Austin
8:58 am
Thu October 25, 2012

No Simple Solution for Austin Homeless (Updated)

Gerry and Melanie Yount and their 12-year-old son live in a pickup truck as they try to get medical care.
Joy Diaz, KUT News

Update: Oct. 25, 2012 at 9 a.m.:

After airing this story on Monday, listeners have been wondering what happened to the Yount family.  The first thing was that a listener drove by the parking lot where they were and gave them a cell phone.  Others have called asking for ways in which they can help.  KUT now has a way to get in touch with the Younts.  If you have any interest in helping them, you can contact KUT.

Original Story posted on KUT.org Oct. 23, 2012 at 5:30 a.m.:

The city of Miami claims to have taken almost half of its homeless population off the streets in the last 10 years. In Austin, where homeless services are stretched to the limit, the City Council is looking for new solutions. Last night, council members met with officials from Miami. The challenges of one local homeless family that is struggling on the streets show how complex the problem can be.

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Business
10:08 am
Fri October 5, 2012

Labor Secretary Says Talk Of Fudged Jobless Numbers Is Insulting

Labor Secretary Hilda Solis.
Kevork Djansezian Getty Images

Originally published on Fri October 5, 2012 9:19 am

The news that the nation's jobless rate fell to 7.8 percent in September from 8.1 percent in August immediately led some of President Obama's critics to charge the the books had been cooked to help his reelection campaign.

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Economy
8:24 am
Fri October 5, 2012

National Unemployment Rate Drops, Austin's Employed May Be Seeing Raises

Austin may be getting some raises soon.
http://www.flickr.com/niwru/

The national unemployment rate decreased to 7.8 percent in September. According to the U.S. Bureau of Labor Statistics, the U.S. added 114,00 jobs last month. This means the number of unemployed in the U.S. is now 12.1 million. It's the first time this year that unemployment has fallen below 8 percent.

So what does this mean for Austin? As KUT News reported last month, Austin added 5,900 jobs in August, and local unemployment dropped to 5.9 percent, well below the national average.

But what about the already employed in Austin? According to staffing agency Robert Half International, technology professionals are expected to salary increases of about 5.3 percent. Administrative staff may see salaries rise by 3.5 percent. And accounting and finance salaries could jump 3.3 percent.

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Austin
1:37 pm
Fri September 21, 2012

Austin Unemployment Rate Drops

Austin added nearly 6,000 jobs in August.
flickr.com/stuseeger

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.

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Economy
1:04 pm
Fri August 17, 2012

State Unemployment Rate Up, Austin Holds Steady

Austin’s unemployment rate stayed steady last month while the state rate went up slightly.

Austin’s unemployment rate was at 6.4 percent in both June and July.

"All in all it's not a bad picture but we are at a bit of a loss to explain some of the job losses that occurred during July, especially at the same time where we saw an increase in the numbers of the civilian labor force – which, again, is attributable to population growth," says Capital Area Workforce Solutions Executive Director Alan Miller. "But some of the numbers just don't quite make sense. And they're going to require us to dig a little deeper and find out what was going on in July." 

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Economy
8:38 am
Fri July 6, 2012

Charts: How Unemployment Has Dragged On

Lam Thuy Vo / NPR

Originally published on Mon July 9, 2012 10:06 pm

Losing your job is rarely good. Not being able to find one for months can be disastrous for individuals, and bad for society as well. Yet during the recent recession and the current anemic recovery, more people in the U.S. have been unemployed for longer than at any time since 1948.

Of all Americans who were unemployed in June, almost half had been without a job for 27 weeks or longer. In other words, 5.4 million people have been jobless for more than half a year.

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AM Update 6/20/12
7:50 am
Wed June 20, 2012

AM Update: Unemployment Benefits Ending for Some, Border Patrol Changes, Summer Solstice Arrives

A job search center at Austin's Carver Branch Library.
Texas State Library and Archives, flickr.com/tslac

Unemployment Benefits Changing for Some Texans

The Texas Workforce Commission announced on Tuesday that certain groups of unemployed Texans won’t be eligible for unemployment benefits after 60 weeks starting in July.

Previously, claimants could receive benefits for up to 73 weeks. Those already receiving benefits based on the older criteria will continue to be eligible. The commission estimates that about 22,453 individuals may be affected going forward.

The changes come due to Texas’ improving unemployment rate, resulting in revisions to the length of Emergency Unemployment Compensation offered to job searchers.

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Business
1:35 pm
Fri June 15, 2012

Austin's Unemployment Rate Rises From April to May

Although Austin added jobs last month, May saw the biggest unemployment increase in nearly a year.

Austin’s unemployment rate went up last month.

It hit a three-year low in April of 5.5 percent, but grew last month to 5.8 percent.

According to the Workforce Solutions Capital Area Workforce Board, that increase is the largest the Austin area has seen since June 2011 (6.7 percent in May 2011 to 7.6 percent in June 2011). 

“Going up three tenths of a percent – it’s never positive to go up, we’d love to see the continued decreases that we’ve seen over the last few years – but we still created 2,000 jobs in the month of May. So while it may not be the number that we’re hoping for, it’s definitely positive and we continue to encourage employers to look at new job opportunities locally,” said Tiffany Daniels, Communication Coordinator for Workforce Solutions Capital Area Workforce Board.

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Austin
12:23 pm
Fri May 18, 2012

Austin Unemployment Rate Lowest in Three Years

The latest numbers show fewer people are searching for jobs across Texas and here in Austin.
Photo courtesy Ben Thompson via Flickr

The April unemployment rate in the Austin metro is the lowest it’s been in three years. It dropped half a point—from 6 percent in March to 5.5 percent in April. Last year at this time, Austin unemployment was at 6.3 percent.

"The Austin metropolitan area's unemployment rate has decreased in eight of the last nine months," said Texas Workforce Commission spokesperson Mark Lavergne.

The Texas Workforce Commission says Austin saw growth in nine of 10 major industries in April. 6,300 jobs were added in the Austin area last month —many in construction and in the Professional and Business Services sector.

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Education
1:54 pm
Mon April 23, 2012

Analysis: Half of Recent College Grads Jobless or Underemployed

Students from John Moores' University celebrate graduation.
Christopher Furlong Getty Images

Originally published on Mon April 23, 2012 12:54 pm

It's hard out there for a college grad.

The AP analyzed government data and came up with this stunning figure: "Half of young college graduates [are] either jobless or underemployed in positions that don't fully use their skills and knowledge."

The whole story is worth a read, so we encourage you to click over, but here is the meat of the AP's analysis:

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economy
1:15 pm
Fri December 16, 2011

Holiday Hiring Helps Lower Austin Jobless Rate

Photo by KUT News

New figures show the unemployment rate in Texas dropped slightly from this time last year. Texas’ jobless rate was at 8.1  percent last month, compared to 8.3 percent in November 2010.  The Texas Workforce Commission released the numbers today.

The Austin metro area’s unemployment rate was 6.6 percent last month. It was 7.1 percent in November 2010. Austin lost 600 jobs last month, many in construction and professional and business services.

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