Wednesday, 22 April 2009

Austin job picture brightens a bit.

In previous posting, I wrote about the fact that Austin Tx was chosen as the best city for job growth. This is article from Austin American Statesman about the latest job growth data and here is summary:

- Austin's unemployment rate has gone down to 6.2% in March 2009 from 6.5% and 6.3% in January and February respectively (U.S. and Texas average in March is 8.5% and 6.7% respectively).

- Employment has growing 0.4% in annualized basis. In February 2009, it posted job growth of 0.2% ---- making Austin only one place with positive job growth among Top 50 metropolitan area.

While is not outstanding, it is quite obvious that Austin's economy and employment is "steady" and one of the best among US metropolitan areas.

Happy Investing in Austin!!!! 

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