2. 11/4/2009
Labor Force & Employment
Austin MSA
925,000
904,318
Labor Force
900,000
,
Employment
E l t 877,560
875,000
850,000 836,976 839,218
825,000
800,000
775,000
September ‘08-September ‘09
750,000
750 000 31,110 (3 6%)
31 110 (3.6%) added to Labor Force
6,485 (0.8%) added to Employed
725,000 25,625 added to Unemployed
700,000
2004 Nov
2004 Mar
2004 Sep
2005 Mar
2005 Sep
2005 Nov
2006 Mar
2006 Sep
2006 Nov
2007 Mar
2007 Sep
2007 Nov
2008 Mar
2008 Sep
2008 Nov
2009 July
2009 Mar
2009 Sep
2004 May
2005 May
2006 May
2007 May
2008 May
2009 May
2004 Jan
2005 Jan
2006 Jan
2007 Jan
2008 Jan
2009 Jan
2004 Jul
2005 Jul
2006 Jul
2007 Jul
2008 Jul
Source: Texas Workforce Commission, LAUS.
Unemployment
Austin MSA
70,000
65,100
Austin’s record unemployed previous to 2009 was 52,129
(6.7%) in June 2003.
60,000
50,000
40,000
30,000
20,000
10,000
-
2003 Jan
2003 Jul
2004 Jan
2005 Jan
2006 Jan
2003 Apr
2003 Oct
2004 Jul
2004 Apr
2004 Oct
2005 Jul
2005 Apr
2005 Oct
2006 Jul
2007 Jan
2007 Jul
2008 Jan
2008 Jul
2009 Jan
2009 Jul
2006 Apr
2006 Oct
2007 Apr
2007 Oct
2008 Apr
2008 Oct
2009 Apr
Source: Texas Workforce Commission, LAUS.
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3. 11/4/2009
Unemployment
Austin MSA
Not Seasonally Adjusted
70,000 8%
65,100
60,000 7%
50,000 6%
40,000 40,475 5%
30,000 4%
Austin’s record unemployed previous
to this recession was 6.7% (52,129)
20,000
20 000 in June 2003
2003. 3%
10,000 2%
Unemployed Unemployment Rate
Source: Texas Workforce Commission, Local Area Unemployment Statistics.
Unemployment Rates
10%
Austin MSA
9% Texas
Te as
United States
8%
7%
6%
5%
4%
2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Source: Texas Workforce Commission, LAUS.
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4. 11/4/2009
Unemployment Rates
10%
Austin MSA
9%
Texas
8% United States
7%
6%
5%
4%
3%
2%
2000 May
2001 May
2002 May
2003 May
2004 May
2005 May
2006 May
2007 May
2008 May
2009 May
2000 Jan
2000 Sep
2001 Jan
2001 Sep
2002 Jan
2002 Sep
2003 Jan
2003 Sep
2004 Jan
2004 Sep
2005 Jan
2005 Sep
2006 Jan
2006 Sep
2007 Jan
2007 Sep
2008 Jan
2008 Sep
2009 Jan
2009 Sep
Source: Texas Workforce Commission, LAUS.
Lowest Unemployment Rates
Top 50 Metro Areas
Unemployment Rate
Difference Rank
Sept. ‘08
p Sept. ‘09
p
Washington MDiv 4.1% 6.4% 2.3 1
Virginia Beach MSA 4.3 6.7 2.4 2
Denver MSA 5.0 7.1 2.1 3
San Antonio MSA 4.9 7.1 2.2 4
Austin MSA 4.6 7.2 2.6 5
Minneapolis MSA 5.4 7.3 1.9 6
Nassau MDiv 5.1 7.4 2.3 7
Pittsburgh MSA 4.8 7.6 2.7 8
Baltimore MSA 4.8 7.6 2.8 9
Indianapolis MSA 5.1 7.7 2.6 10
Austin is the 40th largest metro based on total civilian labor force in September.
Source: U.S. Bureau of Labor Statistics, LAUS.
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5. 11/4/2009
Employment Growth Rates
2% 1.7%
1.4%
1% 0.8% 0.7%
0 7%
0.3%
0%
-0.1%
-0.5% -0.4%
-1% -0.8% -0.7%
-2%
Austin MSA
-3% Texas
United States
-4% -3.7%
-4.3%
-5%
2007-2008 YTD 2008-2009 Sep ‘08-Sep ‘09 Aug ‘09-Sep ‘09
Source: Texas Workforce Commission, LAUS.
Employment Growth
Monthly Percent Change
1.5%
1.0%
1 0%
0.5%
0.0%
2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009
-0.5% Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
-1.0%
1 0%
-1.5% Austin MSA
Texas
-2.0% United States
-2.5%
Source: Texas Workforce Commission, LAUS.
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6. -0.4%
-0.3%
-0.2%
-0.1%
0.0%
0.1%
0.2%
0.3%
0 3%
0.4%
2004 Jan
4
2004 Mar
2004 May
4
MediaCenter/Indicators.html
200 Jul
04
2004 Sep
4
2004 Nov
4
2005 Jan
5
2005 Mar
2005 May
5
200 Jul
05
www.austinchamber.com/DoBusiness/
2005 Sep
5
2005 Nov
5
2006 Jan
Employment Growth
6
2006 Mar
Monthly Percent Change
2006 May
6
12-Month Moving Average
200 Jul
06
Source: Texas Workforce Commission, LAUS.
2006 Sep
6
2006 Nov
6
2007 Jan
7
2007 Mar
2007 May
7
200 Jul
07
2007 Sep
7
[NONFARM PAYROLL JOBS]
STATISTICS (CES)
2007 Nov
7
2008 Jan
CURRENT EMPLOYMENT
8
2008 Mar
2008 May
8
200 Jul
08
2008 Sep
8
2008 Nov
8
Texas
2009 Jan
9
2009 Mar
2009 May
9
Austin MSA
United States
200 Jul
09
2009 Sep
9
6
11/4/2009
7. 11/4/2009
Employees on Nonfarm Payrolls
Austin MSA
800,000
Austin lost 5,500 jobs in the last 12 months. 780,700
780,000
760,000 775,200
740,000
720,000
700,000
680,000
660,000
640,000
2000 Sep
2001 Sep
2002 Sep
2003 Sep
2004 Sep
2005 Sep
2006 Sep
2007 Sep
2008 Sep
2009 Sep
2000 May
2001 May
2002 May
2003 May
2004 May
2005 May
2006 May
2007 May
2008 May
2009 May
2000 Jan
2001 Jan
2002 Jan
2003 Jan
2004 Jan
2005 Jan
2006 Jan
2007 Jan
2008 Jan
2009 Jan
Source: U.S. Bureau of Labor Statistics, CES.
Employees on Nonfarm Payrolls
800,000 140
780,000 138
United States (Millions)
760,000
136
740,000
Austin MSA
134
720,000
132
700,000
130
680,000 Austin MSA
United States 128
660,000
640,000 126
2004 Jan
2004 Jul
2005 Jan
2006 Jan
2004 Apr
2004 Oct
2005 Jul
2005 Apr
2005 Oct
2006 Jul
2006 Apr
2006 Oct
2007 Jan
2007 Jul
2008 Jan
2008 Jul
2009 Jan
2009 Jul
2007 Apr
2007 Oct
2008 Apr
2008 Oct
2009 Apr
Source: U.S. Bureau of Labor Statistics, CES.
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8. 11/4/2009
Non-farm Payroll Jobs
Year-over-Year Change
45,000 450
40,000
35,000 350
30,000
25,000 250
20,000
Texas (Thousands)
150
15,000
Austin
10,000
50
5,000
-
(50)
2004 Aug
2009 Aug
2000 Nov
2003 May
2005 Nov
2008 May
2000 Jan
2000 Jun
2002 Jul
2001 Apr
2003 Oct
2005 Jan
2007 Jul
2008 Oct
2001 Sep
2002 Feb
2002 Dec
2004 Mar
2005 Jun
2006 Apr
2006 Sep
2007 Feb
2007 Dec
2009 Mar
(5,000)
O
O
M
M
A
A
D
D
M
M
N
N
F
F
S
S
J
J
A
A
J
J
(10,000) (150)
(15,000)
(20,000) (250)
(25,000)
(30,000) (350)
Austin Texas
Source: Texas Workforce Commission, Current Employment Statistics.
Non-farm Payroll Jobs
Year-over-Year Change
45,000 9
40,000 8
35,000 7
30,000 6
25,000 5
nited States (Millions)
20,000 4
15,000 3
Austin
10,000 2
5,000 1
- -
2004 Aug
2009 Aug
2000 Nov
2003 May
2005 Nov
2008 May
2000 Jan
2000 Jun
2001 Apr
2002 Jul
2003 Oct
2005 Jan
2007 Jul
2008 Oct
2001 Sep
2002 Feb
2002 Dec
2004 Mar
2005 Jun
2006 Apr
2006 Sep
2007 Feb
2007 Dec
2009 Mar
(5,000) (1)
O
O
M
M
A
A
Un
D
D
M
M
N
N
F
F
S
S
J
J
A
A
J
J
(10,000) (2)
(15,000) (3)
(20,000) (4)
(25,000) (5)
(30,000) (6)
Austin United States
Source: Texas Workforce Commission, Current Employment Statistics.
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9. 11/4/2009
Employees on Nonfarm Payrolls
Growth Rates
3% 2.6%
2.1%
2%
1% 0.7%
0.1% 0.2%
0%
-0.2%
-0.4%
-1% -0.7%
-2% -1.7%
-3% -2.8%
Austin MSA
Texas
-4% -3.8%
United States
-4.2%
-5%
2007-2008 YTD 2008-2009 Sep ‘08-Sep‘09 Aug ‘09-Sep ‘09
Source: Texas Workforce Commission, CES.
Best Performing Among
Top 50 Metro Areas
Non-farm Growth Sept. ‘08-Sept. ‘09
payroll jobs Rank
Sept. ‘09 Difference % Ch.
Virginia Beach MSA 766,300 -4,900 -0.6% 1
Austin MSA 775,200 -5,500 -0.7 2
San Antonio MSA 845,800 -9,200 -1.1 3
Fort Worth MDiv 866,600 -10,400 -1.2 4
Newark MDiv 1,013,400 -13,100 -1.3 5
Washington MDiv 2,388,200 -42,700 -1.8 6
Columbus MSA 923,600
923 600 -16,800
16 800 -1.8
18 7
Edison MDiv 1,008,100 -21,100 -2.1 8
Memphis MSA 619,900 -15,400 -2.4 9
Kansas City MSA 996,700 -25,300 -2.5 10
Austin is the 42nd largest metro based on total non-farm payroll jobs in September.
Source: U.S. Bureau of Labor Statistics, CES.
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10. 11/4/2009
Employment Growth
Monthly Percent Change
1.0%
0.5%
0.0%
2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009
-0.5% Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
-1.0%
-1.5%
-1 5%
Austin MSA
-2.0% Texas
United States
-2.5%
-3.0%
Source: Texas Workforce Commission, CES.
Employment Growth
Monthly Percent Change
12-Month Moving Average
0.5%
Austin MSA
0.4% Texas
United States
0.3%
0.2%
0.1%
0.0%
2004 Jan
2004 May
2004 Nov
2005 Jan
2005 May
2005 Nov
2006 Jan
2006 May
2006 Nov
2007 Jan
2007 May
2007 Nov
2008 Jan
2008 May
2008 Nov
2009 Jan
2009 May
2004 Mar
2004 Sep
2005 Mar
2005 Sep
2006 Mar
2006 Sep
2007 Mar
2007 Sep
2008 Mar
2008 Sep
2009 Mar
2009 Sep
2004 Jul
2005 Jul
2006 Jul
2007 Jul
2008 Jul
2009 Jul
-0.1%
4
5
6
7
8
9
-0.2%
-0.3%
-0.4%
-0.5%
Source: Texas Workforce Commission, CES.
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11. 11/4/2009
Employment by Industry
Austin MSA, September 2009
Construction 44,200
Manufacturing 51,000
Wholesale trade 38,600
Retail trade 82,900
Transp, wrhsing, & util 13,300
Information 19,800
Financial activities 45,700
Prof & business services 114,300
,
Ed & hlth services 84,100
Leisure & hospitality 80,800
Other services 32,500
Government 168,000
Source: Texas Workforce Commission, CES.
Employment by Industry
Austin MSA, Sept. 2008 & 2009
Construction 47,300
44,200 2008 Sep
57,600 2009 Sep
Manufacturing
51,000
Wholesale trade 41,500
38,600
Retail trade 83,700
82,900
Transp, wrhsing, & util 13,400
13,300
Information 20,700
19,800
Financial activities 44,700
45,700
Prof & business services 112,800
114,300
Ed & hlth services 81,200
84,100
Leisure & hospitality 81,100
80,800
Other services 31,700
32,500
Government 165,000
168,000
Source: Texas Workforce Commission, CES.
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