Monthly change in nonfarm payroll jobs
Seasonally adjusted jobs in Austin increased by 2.2% from July to August. Texas increased by 0.9% and the nation by 1.0%. Austin has fared best among the top 50 metros based on year-over-year change.
New/lost jobs by industry
After regaining over 35,200 lost jobs in May and June, Austin’s leisure and hospitality industry lost 3,300 jobs in July, but gained 2,000 back in August, and employment stands at 76% 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 over 70,000 in August.
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 increased by 0.4% to 25,402 in the period July 14, 2020 to August 13, 2020.
Source: The Conference Board-Burning Glass Help Wanted OnLine™ Publication Series (Austin Chamber)
Weekly transaction trends 183-A toll road
Transactions on 183A dropped more than 50% after stay at home requirements were instituted and has slowly started to rise as restrictions have eased. This trend is similar across all CTRMA roads.
Requests for directions in Apple maps on September 9, 2020 reflect a 3% increase in driving requests, and a 44% 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. Among the top 50 metros, Austin ranked 6th for total units permitted and 1st for permits per capita. Through July 2020 units permitted are 29% above 2019.
Source: U.S. Census Bureau
In Austin, as of August 23, total credit card/debit card spending by consumers is 3.5% above the level of January 4-31, 2020.
Source: Opportunity Insights Economic Tracker (Harvard University).
Restaurant traffic for the week ending September 9 is down 38% in Austin, 27% statewide and 36% nationally, compared to the same week of 2019.
Source: Open Table.