From Austin Business Journal, September 19, 2008...
Austin’s unemployment rate continued climbing in August as the area struggles with the softening economy.
Unemployment hit 4.5 percent in August, up from 4.4 percent in July, according to the latest figures from the Texas Workforce Commission. A year ago, the unemployment rate was 3.7 percent.
Despite the uptick, Austin is faring better than the rest of Texas and the country. The unemployment rate in Texas stood at 5.1 percent in August, while the U.S. rate hit 6.1 percent.
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