The Texas Workforce Commission and U.S. Bureau of Labor Statistics released their preliminary payroll jobs numbers on Friday, with Austin's metropolitan area ranked 20th among the 50 largest metro areas.
It added 21,200 net new jobs over the last 12 months.
New jobs in Austin included education and health services, which added an overall 3,800 jobs, or 3.4 percent, to the marketplace in the past year. This sector has been overtaken recently by the rapidly growing financial activities and wholesale trade industries, which increased by 5.7 and 5.6 percent, respectively.
While Austin's jobs are still increasing, the rate began to drop off in August. January through July of 2016 averaged more than 4 percent growth; in August the rate dropped to 3.3 percent and September showed a 2.9 percent increase in jobs.
In addition to the job numbers, Austin's unemployment rate has dropped by 0.2 percent since September, from 3.4 to 3.2 percent. The national rate of unemployment in October was 4.7 percent.
Before the 2007-09 Great Recession, Texas' unemployment ranged from 3.6 percent in Austin to 4.3 percent in Texas as a whole. The national average in 2007 was 4.6 percent. Austin has recovered well from the recession, with its unemployment rate remaining at or below the pre-recession levels for the last 21 months.