Monthly change in nonfarm payroll jobs
Seasonally adjusted jobs in Austin increased by 0.4% from January to February. Texas and U.S. jobs grew by 0.6% and 0.4% respectively. Austin regained all of the jobs lost in March and April of 2020 by April 2021 in the seasonally adjusted series.
Year-over-year change in nonfarm payroll jobs
Austin’s leisure and hospitality industry added 4,600 jobs in January, narrowing the deficit from pre-pandemic February 2020 to 3,400 jobs or 0.5%.
In the Great Recession, the highest seasonally adjusted unemployment rate attained in Austin was 7.5% and rates over 7% prevailed for 12 months. The number unemployed in Austin is estimated at 44,912 in February.
Unemployment insurance claims
Available sub-state UI claims data is not directly comparable to state and national initial UI claims data. See TWC link below for more information.
New online job ads
New published postings in February 2022 are 14% higher than January and 28% above the level of one year ago.
Source: The Conference Board-Burning Glass Help Wanted OnLine™ Publication Series (Austin Chamber)
Requests for directions in Apple maps on March 27, 2022 reflect an 54% increase in driving requests, and a 19% increase in transit requests, compared to the index base period of January 13, 2020.
The data shows how visitors to (or time spent in) categorized places change compared to baseline days. A baseline day represents a normal value for that day of the week. The baseline day is the median value from the 5‑week period Jan. 3-Feb. 6, 2020.
Commercial vacancy rates
The vacancy rate is the percentage of the total amount of physically vacant space divided by the total amount of existing inventory. Under construction space is not included.
Source: Costar Group
New privately owned housing units authorized by permits
In 2019, a total of 32,037 housing units were authorized by building permits and Austin ranked 6th among all U.S. metros for total units permitted. With 42,264 units permitted, 2020 is 32% above 2019. In 2021, Austin’s permit activity was 20% above 2020 and Austin ranks 5th for total units permitted. In both 2020 and 2021, only Dallas, Houston, New York and Phoenix saw more units permitted.
Source: U.S. Census Bureau
In Austin, as of the week ending March 13, 2022, total credit card/debit card spending by consumers is 12.6% above the level of January 2020.
Source: Affinity Solutions via Opportunity Insights Economic Tracker (Harvard University).
Small businesses open
In Austin, as of January 16, the number of small businesses open (defined as having financial transactions) is 9.3% above the level of January 2020.
Source: Womply via Opportunity Insights Economic Tracker (Harvard University).
Restaurant traffic for the week ending March 27, 2022 is up 18.6% in Austin and 14.6% statewide, but down 3.2% nationally, compared to the same week of 2019.
Source: Open Table.