Get ready for the already abundant “Help Wanted” signs around Austin to multiply, because the region’s latest unemployment rate is once again at a 20-year monthly low and growth in the pool of available workers is continuing to ebb. The local jobless rate for August came in at 2.8%, according to the Texas Workforce Commission, about average so far in 2019 but the lowest level for the month of August since 1999, when it hit 2.2%. Unemployment in the Austin metro area registered 2.9% in July this year and 3.1% in August 2018. “The Austin (job) market is white-hot,” said Michael Sury, a University of Texas economist and finance lecturer. “It points to the fact that Austin continues to be a very strong draw for high growth businesses.”
Full Article here: Austin’s jobless rate dips to 20-year low
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