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In 2019, there were more than 1.1 million jobs in the Austin MSA and a labor force of 1.2 million. Since 2015, the Austin regional economy had been operating at full employment, and, in the last year, the labor market had become extremely tight.
For reference, unemployment during the Great Recession peaked at 7.8 percent, or about 70,000 unemployed individuals.
Source: Emsi, US Bureau of Labor Statistics.
Between March 15 and September 5, 205,245 individuals in the Austin MSA filed or continued unemployment insurance (UI) claims.
For more insights into Travis County residents who who are filing unemployment claims, visit the UI Claims Dashboard, maintained by Travis County Economic Development and Strategic Initiatives.
About the data:
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The claims data provided comes from the Local Area Unemployment Statistics (LAUS) program using the Program for Measuring the Insured Unemployed Statistics (PROMIS) software. PROMIS claims data are extracted from the state’s UI system and used in LAUS estimation.
To access the data:https://www.twc.texas.gov/news/unemployment-claims-numbers#claimsByCounty
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The claims data provided comes from the Local Area Unemployment Statistics (LAUS) program using the Program for Measuring the Insured Unemployed Statistics (PROMIS) software. PROMIS claims data are extracted from the state’s UI system and used in LAUS estimation.
To access the data:https://www.twc.texas.gov/news/unemployment-claims-numbers#claimsByCounty
Of the individuals filing unemployment claims, about 60% live in Travis County; 24% live in Williamson County and 10% in Hays County.
About the data:
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The claims data provided comes from the Local Area Unemployment Statistics (LAUS) program using the Program for Measuring the Insured Unemployed Statistics (PROMIS) software. PROMIS claims data are extracted from the state’s UI system and used in LAUS estimation.
To access the data:https://www.twc.texas.gov/news/unemployment-claims-numbers#claimsByCounty
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The claims data provided comes from the Local Area Unemployment Statistics (LAUS) program using the Program for Measuring the Insured Unemployed Statistics (PROMIS) software. PROMIS claims data are extracted from the state’s UI system and used in LAUS estimation.
To access the data:https://www.twc.texas.gov/news/unemployment-claims-numbers#claimsByCounty
In the first quarter of 2020, 70 companies issued WARN notices for a total of 4,074 jobs lost. This is the highest number of jobs lost since the data was available. In the second quarter, 16 companies have issued notices for a total of 1,296 jobs lost.
About the data:
As of 08/09/2020
Geography: Travis, Hays, Williamson, Bastrop, Caldwell, Burnet, Blanco, Lee, Fayette, Llano.
The US Department of Labor requires certain employers who are closing a plant or having mass layoffs to notify workers 60 days in advance. During a natural disaster, employers are asked to give as much notice as possible. The Texas Workforce Commission tracks and publishes these notices.
To access the data: https://www.twc.texas.gov/businesses/worker-adjustment-and-retraining-notification-warn-notices
As of 08/09/2020
Geography: Travis, Hays, Williamson, Bastrop, Caldwell, Burnet, Blanco, Lee, Fayette, Llano.
The US Department of Labor requires certain employers who are closing a plant or having mass layoffs to notify workers 60 days in advance. During a natural disaster, employers are asked to give as much notice as possible. The Texas Workforce Commission tracks and publishes these notices.
To access the data: https://www.twc.texas.gov/businesses/worker-adjustment-and-retraining-notification-warn-notices
The most recent unemployment rate for the Austin MSA is July 2020. At this time, the unemployment rate declined from April's high of 12.2% to 6.7% according to the official statistics released by the Bureau of Labor Statistics.
During the Great Recession, Austin's unemployment rate peaked at 7.9%. The Austin MSA had been operating at full employment since 2015.
About the data:
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The US Bureau of Labor Statistics release the Local Area Unemployment Statistics monthly. For counties and metropolitan area data has a two-month lag. For example, the April data release was for February data.
To access the data: https://www.bls.gov/data/
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The US Bureau of Labor Statistics release the Local Area Unemployment Statistics monthly. For counties and metropolitan area data has a two-month lag. For example, the April data release was for February data.
To access the data: https://www.bls.gov/data/
In July 2020, there were 81,942 individuals that were unemployed according to the official statistics released by the Bureau of Labor Statistics.
During the Great Recession, unemployment in the Austin MSA peaked at just under 70,000.
Economist Jon Hockenyos of TXP estimates that Austin's unemployment might reach as high as 260,000 during the COVID-19 economic shutdown.
About the data:
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The US Bureau of Labor Statistics release the Local Area Unemployment Statistics monthly. For counties and metropolitan area data has a two-month lag. For example, the April data release was for February data.
To access the data: https://www.bls.gov/data/
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The US Bureau of Labor Statistics release the Local Area Unemployment Statistics monthly. For counties and metropolitan area data has a two-month lag. For example, the April data release was for February data.
To access the data: https://www.bls.gov/data/
Notably, the labor force shrunk by dramatically in March and April 2020, which is an unprecedented drop. However, workers came back into the labor force in May and July, but the labor force remains 3% smaller than it was in February.
About the data:
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The US Bureau of Labor Statistics release the Local Area Unemployment Statistics monthly. For counties and metropolitan area data has a two-month lag. For example, the June data release was for April data.
To access the data: https://www.bls.gov/data/
As of 09/20/2020
Geography: Austin Metropolitan Statistical Area, which includes Bastrop, Caldwell, Hays, Travis, and Williamson Counties.
The US Bureau of Labor Statistics release the Local Area Unemployment Statistics monthly. For counties and metropolitan area data has a two-month lag. For example, the June data release was for April data.
To access the data: https://www.bls.gov/data/
In the week ending September 12, an additional 49,000 Texans filed initial claims for unemployment.
Since March 15, 3.4 million Texans have filed initial claims for unemployment.
About the data:
As of 09/20/2020
Geography: Texas.
The Department of Labor, Employment and Training Administration publishes unemployment insurance claims weekly. For states, this data is released with a two-week lag. The Texas Workforce Commission publishes unofficial estimates each week; thus the last two weeks of data are unofficial estimates.
To access the data:https://fred.stlouisfed.org/series/TXICLAIMS https://www.twc.texas.gov/news/unemployment-claims-numbers
As of 09/20/2020
Geography: Texas.
The Department of Labor, Employment and Training Administration publishes unemployment insurance claims weekly. For states, this data is released with a two-week lag. The Texas Workforce Commission publishes unofficial estimates each week; thus the last two weeks of data are unofficial estimates.
To access the data:https://fred.stlouisfed.org/series/TXICLAIMS https://www.twc.texas.gov/news/unemployment-claims-numbers
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