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Austin Job Growth Slows but Remains Robust

Nearly All Sectors Shed Jobs in January, but Annual Gains Are Still Up 5.8%
Austin’s job market registered 5.8% job growth year over year as of January 2023, while the unemployment rate remains low, at 2.9% on a seasonally adjusted basis and 3.3% on a non-seasonally adjusted basis.
Austin’s job market registered 5.8% job growth year over year as of January 2023, while the unemployment rate remains low, at 2.9% on a seasonally adjusted basis and 3.3% on a non-seasonally adjusted basis.
By Israel Linares
CoStar Analytics
April 4, 2023 | 7:26 P.M.

Austin, Texas, saw a spike in residents out of work in the first month of the year due to the end of seasonal work and firms scaling back on hiring or even reducing headcounts.

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