Austin unemployment rate falls to 4.4 percent in March via Real Estate Center at Texas A&M

A surge in hiring has brought Austin's unadjusted unemployment rate to a low of 4.4 percent in March from 4.8 percent in February, according to the Texas Workforce Commission.

The drop in unemployment was driven mostly by hiring — employers added almost 10,000 new workers to the payroll, far outpacing growth in the labor force.

March's growth in the workforce of nearly 1 percent far outpaced the historical average for the month. Since 2000, Austin has averaged about 0.3 percent gains in employment through March.

Read more...Austin unemployment rate falls to 4.4 percent in March via Real Estate Center at Texas A&M