Central Texas Economy In Perspective, Austin is a National Best Performing Metro!
Austin Makes the Top of Yet Another Top 10 List!
Central Texas Economy In Perspective
by Beverly Kerr, Chamber Vice President of Research
Last week we looked at the release of September data for nonfarm payroll jobs for Texas and its metros and this week we have the release by the U.S. Bureau of Labor Statistics of that same data for all U.S. metros and states.
Since Austin’s year-over-year change in payroll jobs for September (-0.7%) was slightly less negative than San Antonio’s (-1.1%), it seemed likely that we would again show as best or second best in our ranking of performance of the nation’s 50 largest metros.
In addition to Austin and San Antonio, it looked likely that Fort Worth’s performance would also be near the top nationally, and, indeed, the Texas metros are 2, 3, and 4, behind Virginia Beach (-0.6%). Dallas’s -2.6% job losses put it just out of the top 10 at 11th and Houston’s -3.0% decline puts it at 18th. Among the 50 largest metros, losses range from -0.6% to -9.4% and the median rate is -3.8%.
If this ranking was expanded to the 100 largest metros, instead of the 50 largest, there would be three additional metros outperforming Austin. Alone among the 100 largest metros, Bethesda has added jobs (5,700 or 1.0%) since September 2008. Baton Rouge and New Orleans are the other metros with slighter jobs losses than Austin.
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