Austin 3rd Most Prosperous Metro

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texas-jobs-gains-recession-proof_250Have you heard? Texas is recession-proof. Need more proof? Just check out these stats.

Of the nation's 100 biggest labor markets, Texas cities claimed four of the top 5 spots for most private-sector job gains since the recession in a report by On Numbers. That means Texas dominated the top labor markets that regained lost recession jobs. Business Journals’ On Numbers report used data from the U.S. Bureau of Labor Statistics to compare 2011 private-sector employment levels against 2006, the last full year before the recession’s onset.

In 2011, the biggest job producers were Houston with a blow-out of 109,700 jobs gained since the recession, New Orleans ranked 2nd with 39,400 jobs, Austin ranked a close third with 37,900 jobs, Dallas-Fort Worth ranked 4th with 36,000 and San Antonio ranked 5th adding 25,200 private-sector jobs between 2006 and 2011. Only 13 of the nation’s 100 biggest labor markets regained all of the jobs that were lost during the recession which means 87 cities are still trying to break even.

The worst job-maker was LA which lost 432,000 jobs since 2006. LA might have the weather, but the jobs are here in Austin. Thinking of making a move? Ask us how we can help. Request a free relocation guide, or let one of our Austin Relocation Specialist guide you.

Read more about how Texas dominated the On Numbers report here.

Special thanks to Lone Star Strong of Lonestarstrong.com for the incredible photo!





2 Responses to "Austin 3rd Most Prosperous Metro"
Texas notched one of the biggest increases in size in a half-century, surpassing $1 trillion in annual economic output. The state gained nearly a full percentage point in its share of the U.S. economy during the decade, reaching 8.3% in 2010. This growth in economic clout has been matched only twice in the past 50 years — by California in the 1980s and Texas itself during the 1970s oil boom.
Also, by December 2011, Texas employers replaced all 433,400 jobs shed during the recession as our economy rebounded more quickly than the U.S. as a whole, and continues to add jobs.
DowntownLiving on Friday, February 17th, 2012 at 6:11pm.
Recently read :"No State Is Thriving Like Texas reports The Atlantic's Derek Thompson, who outlines four reasons why the state is "dominating" the economic doldrums. 1) Texas was seeing a quiet energy boom as the recession began in 2008, so it's a late comer to the recession. 2) The state's real-estate prices have largely remained stable. 3) Texas's big cities have a diverse mix of industries that power the local economy. 4) It's got that special something: "Maybe it's the lack of a state income or capital gains "

Also Meredith Whitney of CNBC reported this week...."Texas is the place to do business."
There's something about Texas that makes it the most popular place for business to do its business, as CEO Magazine and CNBC both found the last year.
Downtownliving on Saturday, February 25th, 2012 at 10:23am.

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