A late April report from the Dallas Morning News shows that while Texas job growth has slowed down, the state’s unemployment rate remains at a steady 4% overall.
According to the Texas Workforce Commission’s April 21st report, the Lonestar state is still setting records. In March, the greatest number of employed people in the state marked one record. Another reported record set shows the largest civilian labor force in the state’s long history. In the same article TWC Chairman Bryan Daniel states:
“In setting this 18th consecutive monthly employment record, Texas demonstrates the strong employment opportunities in the state,”
The Austin/Round Rock MSA is doing great as well. With an unemployment rate at 3.5% and constant job growth, there is little wonder Austin has ranked among the most desirable cities. Austin is reported as the number two preferred market for investors in 2023 and the fifth most preferred market for lenders in the U.S. Despite some of the challenges we’ve seen in the economy, the best time to invest in Austin, Texas is now.
