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Monday, April 09, 2012
A steadily recovering Central Texas labor market may mean improved job opportunities for this year’s graduating class.
According to a report issued last week by the Texas Workforce Commission, more than 20,000 jobs have been created in the Austin area since this time last year.
Unemployment rates have also continued to fall from 6.8 percent last February to 6.1 percent, well below the national unemployment rate of 8.3 percent.
Except for shrinking government jobs, growth occurred in all 11 sectors of the local economy identified by the report. The largest job creation occurred in leisure and hospitality, and education and health services, which together account for almost 52 percent of the growth in the report.
In terms of employing the local population, the largest sectors of the Austin area economy are still information technology at 21 percent, utilities and transportation at 17 percent and professional business services at 15 percent.
Mark Lavergne, spokesman for the Texas Workforce Commission, said these were encouraging signs for people looking into the job market, and growth could open positions for students with college degrees.
“Just about all of the major industries have grown in the last year, and this is encouraging for any student taking that next step into the workforce,” Lavergne said. “It’s always preferable to graduate into a growing job market.”
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