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No matter how you cut it, Austin is making the state’s biggest comeback history when it comes to reclaiming jobs lost during the COVID-19 pandemic.
New data from the Greater Austin Chamber of Commerce shows that the Austin metropolitan area regained 96 percent of the jobs lost due to the pandemic, compared to pre-pandemic February 2020 this June. In terms of job restoration, Austin ranks first among the largest metropolitan areas of Texas and third among the 50 largest metropolitan areas in the country (behind Salt Lake City No. 1 and Kansas City No. 2).
Chamber data shows that Austin’s job count in June was 0.5 percent below February 2020, compared to:
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0.8 percent in the Dallas area, ranking fourth in the top 50 subways.
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1 percent in the San Antonio area, which puts it in 5th place.
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2.8 percent in the Fort Worth area, giving it a # 18 ranking.
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4.6 percent in the Houston area and thus in 31st place.
As for the job surge from last June through June this year, Austin also tops the state’s top subways. With a jump of 7.3 percent over the previous year, Austin ranks 11th among the top 50 subways according to the Austin Chamber of Commerce. (Las Vegas leads with 12.8 percent). Dallas (6.5 percent) is in 16th place, San Antonio (6.3 percent) in 18th, Fort Worth (4 percent) in 46th and Houston (3.4 percent) in 49th.
The Austin area also ranks first in Texas for the lowest unemployment rate in June – 4.4 percent. Dallas follows in Texas (5.4 percent), followed by San Antonio (5.5 percent), Fort Worth (5.6 percent) and Houston (6.9 percent), according to a report by the Austin Chamber of Commerce released on Jan. July was released.
The migration of tech workers from elsewhere to the Austin area during the pandemic era came in parallel with the restoration of jobs in the area. According to LinkedIn user data, Austin saw the largest net inflow of tech workers from any major U.S. city between May 2020 and April 2021, attracting 217 professionals per 10,000 LinkedIn users.
“I didn’t think it could have grown any faster. And then it kind of happened, “says Joshua Baer, CEO of Austin startup incubator Capital Factory, the San Francisco Chronicle. “COVID-19 broke a dam that held back thousands of even more people who were considering moving, however [were] held back by their job or other commitments. “
“There were some big winners and some big losers in the COVID migration,” adds Baer, ”and Austin was the biggest winner.”
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