Monthly change in nonfarm payroll jobs
Seasonally adjusted jobs in Austin increased by 0.4% from May to June. Texas jobs also grew by 0.4%, and jobs grew 0.6% nationally. Austin has regained 88% of the jobs lost in March and April of 2020.
Year-over-year change in nonfarm payroll jobs
Austin’s leisure and hospitality industry added jobs in 11 of the last 14 months. About 77% of the 61,500 jobs lost in March and April of last year have been regained and employment in the industry stands at 89% 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 61,145 in May.
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 July 2021 are 9% lower than June but 17% 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 August 17, 2021 reflect a 39% increase in driving requests, and a 2% 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 32,037 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, and only Houston, Dallas, New York and Phoenix saw more permits issued in 2020. Year-to-date 2021 is 49% above 2020.
Source: U.S. Census Bureau
In Austin, as of the week ending August 1, 2021, total credit card/debit card spending by consumers is 33.3% above the level of January 2020.
Source: Affinity Solutions via Opportunity Insights Economic Tracker (Harvard University).
Small businesses open
In Austin, as of June 30, the number of small businesses open (defined as having financial transactions) is 56% below the level of January 2020.
Source: Womply via Opportunity Insights Economic Tracker (Harvard University).
Restaurant traffic for the week ending August 17, 2021 is down 5.7% in Austin and 10.4% nationally, but up 4.7% statewide, compared to the same week of 2019.
Source: Open Table.