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Austin vs. Texas a Ten Year Labor Force and Unemployment Comparison

Austin 2013 August Unemployment figures by Bureau of labor Statistics show that over the last ten years Austin's labor force has increased by 27.4% while Unemployment dropped from 6.2% to 5.2% a 16.1% decrease. That's while BLS Figures show Texas' Labor force over the last ten years has increased by 16.5% while Unemployment has dropped from 6.9% to 6.2% a decrease of 10.1%. Clearly it seems Austin still remains the top destination for people migrating to Texas. It is interest a large amount of Texas Employment growth over the last ten years has been fueled by Oil and Natural Gas exploration as Oil Prices have considerably increased over the last ten years. But a quick observation quickly shows that Austin Metro Area has no oil and gas explorations and this makes Austin’s employment growth much more impressive.

A Chart Comparing Texas and Austin Labor Force and Unemployment Rate Changes over August 2003 to August 2013

Texas Labor Force as of August 2003:10,967,0967 Austin Labor Force as of August 2003:770,891 Texas Labor Force as of August 2013:12,780,464 Austin Labor Force as of August 2013:982,494

1. BLS Austin Data

2. BLS Texas Data