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Unemplyment rate drops to 7.2% in August.

The Central Texas unemployment rate fell for the second consecutive month to 7.2 percent in August after the area gained 3,800 positions from July, the Texas Workforce Commission reported Friday.

The Austin-San Marcos region netted a gain of 18,700 positions last month versus August 2009, with leisure and hospitality business continuing to post the highest year-over-year gains. The industry is employing about 8,400 more people than the same time last year, followed by government with about 6,400 more posts.

The “professional and business services” sector was the second highest taker, rising about 2,900 positions since August 2009, followed by education with 2,500 more employed. The trade, transportation and utilities sector suffered the most losses year-over-year, shedding about 1,900 jobs since August last year. Financial activities was the second highest loser, dropping about 700 posts.

Between July and August, professional and business services experienced the highest gain, adding about 1,300 jobs, which is normal for this time of year, the commission said. Education and health services (900 jobs) and mining logging and construction (700 positions) were the next highest growing. No sectors lost jobs month-to-month.

Total employment in the Austin-San Marcos region was 769,200 last month. The U.S. unemployment rate fell to 9.5 percent last month and Texas’ fell to 8.4 percent.

Read more: Austin unemployment falls to 7.2%; adds 3,800 jobs – Austin Business Journal

About Gregg Klar (398 Articles)
Austin creates an oasis of desirable communities that are touched by the beauty of it's presence. I'm one resident who considers myself fortunate to be a part of the Austin lifestyle. Combining a passion for my work with love for my community, I've earned my place among Austin's leading real estate professionals. I bring to every transaction a personal touch, innovative marketing techniques and in-depth knowledge of today's complex market to ensure your home sale or purchase is a success from start to finish. Put my team of experts to work for you today

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