Unemployment in Austin

According to an article by the Austin American-Statesman, the unemployment rate in Austin has risen for the month of June. The decline in state government jobs can be described as cyclic unemployment—a type of unemployment due to slow economic growth—and is to be expected while school is out for the summer. Fortunately, local employers have countered the decline by creating numerous jobs in the technology field.

It is constructive to keep up with the unemployment rate in order to avoid economic problems in the future. By keeping track of unemployment trends the government can ensure a stable economy and act before any unbalances.