Rural Capital Area Unemployment Steady at 2.4% in May
Jun 21, 2019
Workforce Solutions Rural Capital Area
CEDAR PARK, Texas ⎯ The unemployment rate in the Rural Capital Area of Texas remained steady at 2.4 percent in May, the same low rate recorded in April, with 892 jobs added, according to figures released today by the Texas Workforce Commission (TWC). The 2.4 percent unemployment rate for the nine-county workforce development area, represented 12,867 residents seeking employment. The region’s unemployment rate remained below both the Texas (2.9 percent)* and national (3.4 percent)* rates.
Within the Rural Capital Area counties, Blanco recorded the lowest unemployment rate at 2.1 percent in May, Burnet, Fayette, Hays, and Lee were at 2.3 percent, Bastrop and Williamson were at 2.4 percent, while Caldwell and Llano counties were at 2.8 percent.
The Rural Capital Area’s 1.87 percent annual employment growth rate represented the addition of 8,817 jobs since May 2018.
Key Points by Industry for the Rural Capital Area, according to the most recent labor market data:
- The Education and Health Services Industry has experienced the greatest quarterly employment growth with an increase of 7.4 percent.
- Job gains were also experienced in the Professional and Business Services Industry (3.5 percent), the Trade, Transportation and Utilities Industry (3.1 percent), and the Natural Resources and Mining Industry (1.6 percent).
- The Information Services Industry in the Rural Capital Area experienced the greatest positive annual job growth with an increase of 8.0 percent.
- Significant positive annual job growth was also experienced in the Construction Industry (7.8 percent), the Manufacturing Industry (7.4 percent), and the Professional and Business Services Industry (5.8 percent).
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 non-profit community partnership providing no cost recruitment, employment services and child care assistance, to businesses 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.
*Unemployment rates listed are not seasonally adjusted.