June 2011

Found 3 blog entries for June 2011.

6,478 Views, 2 Comments

Austin is still the best city for young adults starting their careers, according to an On Numbers report from American City Business Journals based on data from U.S. Census Bureau. The study affirms last year's reports by Portfolio.com and Kiplinger.com which also ranked Austin as the best city for young adults in 2010.

Cities which ranked high on 2011's list had high populations of adults between 18-34, increasing job growth rates and low unemployment rates for educated young adults, and affordable costs of living.

Austin ranked #1 on ACBJ's list with young adults making up 29.3% of its population, 1.73% job growth rate, 10% unemployment, and 29.3% with higher education.

Two other Texas metros dominated the top 5 best cities for young adults. Houston

4,670 Views, 1 Comments

Two reports this month show job growth rates in Austin surpassed the national average from April to May. While most cities decreased job postings an average 2.6%, Austin increased its hiring 6.6%. Austin ranks first for biggest job growth, followed by West Palm Beach, Florida, and Alburquerque/Santa Fe, New Mexico.

Read more about how Austin job growth is exceeding national reports here.

Wall Street Journal recently published a series of articles about the job powerhouse in Texas. From those articles, here are the top reasons why Texas has done so well at creating jobs: 
  • Texas has no state income tax
  • Its regulatory conditions are contained and flexible
  • It is fiscally responsible and government is small
  • Its right-to-work law doesn't impose unions on businesses or employees
  • It is open to global trade and competition: Houston, San Antonio and El Paso are entrepôts for commerce, especially in the wake of the North American Free Trade Agreement
  • Texas’s ongoing reform of the tort system
Read more about how to be a job powerhouse like Texas here.