Austin Employment Numbers Improve

Once again, the Austin Chamber of Commerce is reporting good news for Austin’s employment situation. Citing data from the U.S. Bureau of Labor Statistics for the 12-month period that ended in March 2011, Austin added 13,700 net jobs, an increase of 1.8% from March 2010.  February saw a year-over-year increase of 1.7% and January 2011 was 1.6% better than the previous January, marking three straight months of increases.

The March results place Austin in 8th spot among the top 50 largest metropolitan areas in the U.S.  Dallas, Houston, and Ft. Worth all placed in the top 10 as well.

Even better, Austin’s unemployment rate for March 2011 was 6.8%, or 6.9% seasonally adjusted. By way of comparison, Texas had an unemployment rate of 8.1% and the U.S. saw a rate of 9.2% overall. Austin continues to have the lowest unemployment rate of the major Texas cities and currently ranks 3rd in the nation overall.

In just the last few weeks alone, we’ve shared hiring news about ArthroCare, eBay/PayPal, and Beanitos. McDonald’s just held a national hiring day to bring on 50,000 new workers with a handful of jobs in Austin location.  The job news seems to improve in Austin every day and our outstanding rankings in the employment data proves our strength.


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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