Austin area’s year-over-year job gain is high­est since Novem­ber 2008

re­gion’s year-over-year gain is third con­sec­u­tive in­crease, largest since novem­ber 2008

Austin American-Statesman - - FRONT PAGE - By Kirk Laden­dorf

Austin’s job mar­ket showed signs of a re­bound in June, led by a surge of hir­ing in the leisure and hos­pi­tal­ity in­dus­try.

The five-county Austin metro area had 771,300 nona­gri­cul­tural jobs in June, for a gain of 10,100 jobs, or 1.3 per­cent, from a year ago, the Texas Work­force Com­mis­sion said.

It was the lo­cal job mar­ket’s largest yearover-year gain since Novem­ber 2008, when the nation’s eco­nomic tail­spin was be­gin­ning.

Most of the gain came in the lo­cal leisure and hos­pi­tal­ity in­dus­try, which had 93,900 area jobs in June, up 9,100 from a year ago. The seg­ment in­cludes jobs in ho­tels, food ser­vices and drink­ing places.

Three other seg­ments were strongly up for the year: ed­u­ca­tion and health ser­vices, 85,500, up 2,400; govern­ment, 169,400, up 1,700; and other ser­vices, 34,400, up 700.

The weak­est lo­cal seg­ments were min­ing, log­ging and con­struc­tion, 39,700, down 1,700 from a year ago, and man­u­fac­tur­ing, at 47,100, down 1,400.

Austin’s job­less rate was 7.4 per­cent in June, up from 6.9 per­cent in May and equal to the job­less rate in June 2009.

Texas re­ported an 8.2 per­cent job­less rate in June, down slightly from the May rate of 8.3 per­cent. Un­em­ploy­ment in the state con­tin­ues to trend well be­low the U.S. rate of 9.5 per­cent.

The state added 14,000 jobs in June and has gained 166,100 jobs since the start of the year.

“The good news is that the re­gion con­tin­ues to add jobs,” said Alan Miller, ex­ec­u­tive di­rec­tor of Work­force So­lu­tions-Cap­i­tal Area. June was Austin’s third straight month of

‘We have hit the bot­tom, and we are mov­ing out, but the econ­omy still isn’t back to where we would like it to be.’

Jon Hock­enyos

Austin econ­o­mist

year-over-year job gains. But a spokesman for the group said that it would like to see more lo­cal job growth in ar­eas that of­fer higher pay and long-term ca­reer paths.

“The con­ven­tional wis­dom is, the worst is be­hind us,” said Austin econ­o­mist Jon Hock­enyos. “We have hit the bot­tom, and we are mov­ing out, but the econ­omy still isn’t back to where we would like it to be.”

Mid­land re­ported the low­est un­em­ploy­ment among the state’s metro ar­eas at 5.9 per­cent. The McAllen-Ed­in­burgMis­sion area had the high­est rate at 12.2 per­cent.

Among the largest metro ar­eas, Dal­las-Fort Worth had an 8.5 per­cent job­less rate, with Hous­ton at 8.8 per­cent and San An­to­nio at 7.7 per­cent.

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