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.

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Labor Force, Employment & Unemployment, 2020
LABOR FORCE
EMPLOYMENT
UNEMPLOYMENT
NUMBER
RATE
Austin MSA
1,242,659
1,165,986
76,673
6.2%
Bastrop Co.
42,573
40,016
2,557
6.0%
Caldwell Co.
19,322
18,096
1,226
6.3%
Hays Co.
121,304
113,639
7,665
6.3%
Travis Co.
741,012
694,433
46,579
6.3%
Williamson Co.
318,447
299,801
18,646
5.9%
Unemployment Rates
201520162017201820192020
Austin MSA3.4%3.3%3.2%3.0%2.7%6.2%
Texas4.5%4.6%4.3%3.9%3.5%7.6%
U.S.5.3%4.9%4.4%3.9%3.7%8.1%
Labor force, Austin MSA
Employment Growth

Source: Texas Workforce Commission, Local Area Unemployment Statistics.


Top 10 fastest growing large U.S. job markets, 2015-2020

Nonfarm payroll jobs

2015
2020
GROWTH
NUMBER
RATE
Austin MSA
963,300
1,086,100
122,800
12.7%
Phoenix MSA
1,915,300
2,119,500
204,200
10.7%
Riverside MSA
1,353,500
1,487,800
134,300
9.9%
Nashville MSA
915,600
1,000,200
84,600
9.2%
Salt Lake City MSA
675,600
736,700
61,100
9.0%
Jacksonville MSA
646,100
704,300
58,200
9.0%
Dallas MDiv
2,409,800
2,613,500
203,700
8.5%
Tampa MSA
1,250,900
1,341,200
90,300
7.2%
Charlotte MSA
1,110,900
1,190,700
79,800
7.2%
Fort Worth MDiv
994,500
1,052,800
58,300
5.9%
United States
--
--
--
0.3%

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.