Austin Job Numbers Up Again

June 2010 payroll jobs numbers by the Texas Workforce Commission and U.S. Bureau of Labor Statistics saw Austin again improve on the return to year-over-year job growth begun in April. Job losses in this recession peaked at 24,400 (-3.1%) in September, year-over-year, but steadily narrowed, falling to a difference of -0.1% in March, reverting to positive by 0.4% in May, and now adding 10,100 or 1.3% in June over the number a year ago.

Austin’s jobless rate was 7.4% in June – equal to the jobless rate in June 2009. Texas reported an 8.2% jobless rate in June, down slightly from the May rate of 8.3%. Unemployment in the state continues to trend well below the U.S. rate of 9.5%. The state added 14,000 jobs in June and has gained 166,100 jobs since the start of the year. By way of comparison, Dallas-Fort Worth had an unemployement rate of 8.5%, Houston reported 8.8% and San Antonio came in at 7.7%, showing Austin’s relative strength in the job market.

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About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
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