Austin Ranks High For Next Best Recovering Job Market
Posted by Realty Austin on Thursday, December 10th, 2009 at 4:41pm.Austin ranked #14 on Businessweek's Top 25 Next Job Markets To Recover
list. Reports claim that Austin did well during the recession due to
the abundance of education and government jobs. Austin, home to the
University of Texas and State Capital of Austin, is one of the few
cities that have helped to stabilize the economy. Here are the stats:
Last quarter Q3, the annualized job growth was down at only -1.4%. The
projected annualized job growth for Q1 2010 is estimated at 1.2%.
Austin recently had its first quarter of recovery in Q4. Austin's
unemployment rate is 7.3%, lower than the national double-digit
average, 11%. The Austin Chamber of Commerce has a great write-up on
this here.
Continue reading about the top 25 cities to recover next here.
If you're interested in finding out more about Austin's economy, leave
us a note in the comments below. We take great care to answering our
readers' questions.
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