Since the unemployment rate only measures individuals who are actively seeking employment, it fails to account for individuals who have become discouraged by poor job prospects and stopped searching for work, as well as anyone who chooses not to work for pay, such as retirees or family caregivers. The percent employed measures the percent of individuals, within a given category, who are employed. The labor participation rates in Austin, Travis County, and the Austin MSA have remained relatively stable over the past 5 years, and are higher than the state and the USA.
* The US Census Bureau did not release 2020 ACS 1-Year Data. Without the population data from the ACS, labor participation rates were not possible to calculate for 2020.