Monthly change in nonfarm payroll jobs
Seasonally adjusted jobs in Austin increased by 0.1% from January to February. Texas jobs fell by 0.2%, but jobs grew 0.3% nationally. Austin has regained 76% of the jobs lost in March and April.
Year-over-year change in nonfarm payroll jobs
Austin’s leisure and hospitality industry added jobs in 6 of the last 10 months. Over 52% of the 67,300 jobs lost in March and April have been regained and employment in the industry stands at 78% of its pre-pandemic level.
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 70,448 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
Published postings in February 2021 are 14.8% higher than January and 12.3% below 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 9, 2021 reflect an 11% increase in driving requests, and a 36% decrease 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 32,025 housing units were authorized by building permits and Austin ranked 6th for total units permitted. With 40,875 units permitted, 2020 is 28% above 2019, and only Houston, Dallas, New York, and Phoenix saw more permits issues this year.
Source: U.S. Census Bureau
In Austin, as of the week ending February 14, 2021 total credit card/debit card spending by consumers is 1.3% above the level of January 2020.
Source: Affinity Solutions via Opportunity Insights Economic Tracker (Harvard University).
Small businesses open
In Austin, as of February 22, the number of small businesses open (defined as having financial transactions) is 64% below the level of January 2020.
Source: Womply via Opportunity Insights Economic Tracker (Harvard University).
Restaurant traffic for the week ending March 9, 2021 is down 26% in Austin, 13% statewide and 38% nationally, compared to the same week of 2020.
Source: Open Table.