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Austin metro's unemployment rate ticks down again, signaling tight labor market

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Austin metro's unemployment rate ticks down again, signaling tight labor market

Austin’s jobless rate of 3% is widely considered “full employment” by economists, or the point at which most people who want a job have one. Anything below 3%, and experts start to worry about a market not having an adequate workforce. Corporate recruiters in Austin say they’re already feeling the pressure.