Workforce overview

Among the region's strong assets is the Central Texas workforce, representing one of the most educated talent pools in the country. In the Austin metro, 46.6% of adults have at least a bachelor's degree, compared to 32.6% nationally, putting Austin in the top 10 among the largest metros. The region benefits from over 50 colleges and universities and 400,000 enrolled students within a 100-mile radius. Our growing workforce is young and eager, with a median age that is over four years younger than that of the rest of the nation.


Labor Force, Employment & Unemployment, 2019
LABOR FORCE
EMPLOYMENT
UNEMPLOYMENT
NUMBER
RATE
Austin MSA
1,237,444
1,204,375
33,069
2.7%
Bastrop Co.
42,900
41,609
1,291
3.0%
Caldwell Co.
19,669
19,011
658
3.3%
Hays Co.
119,874
116,574
3,300
2.8%
Travis Co.
741,101
722,054
19,047
2.6%
Williamson Co.
313,899
305,127
8,772
2.8%
Unemployment Rates
201420152016201720182019
Austin MSA4.2%3.4%3.3%3.1%2.9%2.7%
Texas5.1%4.4%4.6%4.3%3.8%3.5%
U.S.6.2%5.3%4.9%4.4%3.9%3.7%
Employment, Austin MSA
Employment Growth

Source: Texas Workforce Commission, Local Area Unemployment Statistics.


Top 10 fastest growing large U.S. job markets, 2014-2019

Nonfarm payroll jobs

2014
2019
GROWTH
NUMBER
RATE
Austin MSA
923,000
1,116,000
193,000
20.9%
Orlando MSA
1,108,900
1,327,100
218,200
19.7%
Riverside MSA
1,290,400
1,541,800
251,400
19.5%
Nashville MSA
880,300
1,047,900
167,600
19.0%
Phoenix MSA
1,853,100
2,177,300
324,200
17.5%
Las Vegas MSA
883,600
1,034,100
150,500
17.0%
Raleigh MSA
559,800
650,100
90,300
16.1%
Jacksonville MSA
623,900
724,400
100,500
16.1%
Charlotte MSA
1,066,100
1,235,500
169,400
15.9%
Salt Lake City MSA
653,300
754,300
101,000
15.5%
United States
--
--
--
8.6%

Note: Ranking of the 50 largest metropolitan areas.
Source: U.S. Bureau of Labor Statistics, Current Employment Statistics.


Note: Time series of annual and monthly numbers for these and additional workforce indicators are updated monthly on the Chamber's Economic Indicators page.