Rural Capital Area Economic Recovery Underway; Unemployment Rate Drops to 6.3% in July
Aug 21, 2020
Workforce Solutions Rural Capital Area
CEDAR PARK, Texas ⎯ The unadjusted unemployment rate in the Rural Capital Area of central Texas continues to signal that economic recovery is underway in key industries impacted by the coronavirus pandemic, sliding to 6.3 percent in July 2020, down from 6.9 percent in June, according to figures released today by the Texas Workforce Commission (TWC). The 6.3 percent unemployment rate in the nine-county Workforce Solutions Rural Capital Area (WSRCA), represented 34,339 residents seeking employment. The region’s unemployment rate remained below both the Texas (8.2 percent)* and national (10.5 percent)* rates.
Within the WSRCA counties, Blanco recorded the lowest unemployment rate at 4.0 percent in July. Fayette and Burnet counties came in at 4.9 percent. Lee County was at 5.0 percent, while Llano County was at 5.8 percent. Williamson County was at 6.2 percent, Bastrop County was at 6.4 percent, while Caldwell County came in at 6.8 percent and Hays County was at 7.0 percent.
Key Points by Industry for the Rural Capital Area, according to the most recent labor market data:
- The Leisure and Hospitality Industry has experienced the most growth in the first quarter of 2020, with an increase of 1.2 percent.
- Job gains were also experienced in Public Administration (1.1 percent), Professional and Business Services (0.2 percent), and Financial Activities (0.1 percent).
- The Construction Industry experienced the greatest positive annual job growth with an increase of 5.9 percent.
- Significant positive annual job growth was also experienced in Financial Activities (5.5 percent), Professional and Business Services (5.4 percent) and Public Administration (5.2 percent).
The WSRCA team is eager to help you find workforce solutions in person and has begun a phased reopening of our offices for curbside and in-center customers with appointments. Services continue to be available virtually. For more information please visit our website at www.workforcesolutionsrca.com, call us toll free, at 1-844-344-2780, and begin your job search on www.workintexas.com.
Employment estimates released by TWC are produced in cooperation with the U.S. Department of Labor’s Bureau of Labor Statistics. All estimates are subject to revision. To access this and more employment data, visit texaslmi.com.
Workforce Solutions Rural Capital Area is a nonprofit community partnership providing no cost recruitment, employment services and childcare assistance, to businesses, employers, and job seekers in the Rural Capital Area of central Texas. This nine-county region includes Bastrop; Blanco; Burnet; Caldwell; Fayette; Hays; Lee; Llano; and Williamson counties. For more details on WSRCA, and the services it offers, visit www.workforcesolutionsrca.com.
*All unemployment rates listed are not seasonally adjusted.