Austin took the #2 spot in this national top-40 list for its economic strength. Interestingly, 8 of the remaining top 10 on this list are in driving distance of Austin. It’s no accident that these areas continually make these top-10 lists from various sources, the Texas area has economic strength and stability! It’s what draws [...]
Recession ‘very likely over,’ Bernanke says
But Fed chief says economy not growing quickly enough yet to lower jobless rate.
FROM WIRE REPORTS
Wednesday, September 16, 2009
Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, but he cautioned that it would be many months before unemployment rates drop significantly.
Hopes [...]
For an up-to-date Unemployment chart with the latest data, click here.
The latest data on unemployment rates is out and available in interactive charts at http://AustinHome.Pro/data or http://AustinHome.Pro/statistics. Austin shines yet again with a strikingly low unemployment rate, and national media has taken notice. The great news is that unemployment rates have continued to drop across [...]
From the Austin Business Journal
With a high-tech workforce of more than 54,000, Austin ranks seventh on a list of the nation’s biggest tech cities from bizjournals.
Texas’ Capital City is home to roughly 2,600 tech companies, which employ an average of 20 employees each. Austin also has a relatively educated populace–11 percent of residents have a [...]
From the Austin Business Journal
Chain stores across the nation saw a Mother’s Day boost and the first growth in sales in almost six months, according to a weekly chain store sales report from the International Council of Shopping Centers and Goldman Sachs.
The chain store sales index for the week ending May 9 rose by 0.3 [...]
From the Austin Business Journal’s article “Job cuts down 19.3% in March”:
The number of planned job cuts announced by U.S.-based employers fell 19.3 percent to 150,411 in March, according to a report by Challenger, Gray & Christmas Inc.
The number of announced layoffs had dropped 23 percent to 186,350 in February, said the global outplacement firm, [...]
Austin Ranks #2!
Central Texas Economy In Perspective
by Beverly Kerr, Chamber Vice President of Research
Our monthly Economic Indicators report usually presents a ranking of the top 50 metros by rate of total nonfarm job growth over the preceding 12 months. The ranking in the table below varies from that by focusing on the private sector portion [...]
It happens to the best of us, we all get bummed out from time to time. I literally grew up in this business. I spent my first 7 years in the first Corias home ever built, my family survived the 80s and the tech bust and everything inbetween. And we’re set up to survive this [...]
The economy has certainly taken us for a ride lately, but the good news is that there is still money out there. If you are underqualified and don’t pay your bills, there is likely no longer a loan for you. But if you take care of your finances and your financial reputation, lenders do have [...]
From the Gas Buddy website, here are current gas price maps:
Shailesh Ghimire at the AgentGenius blog recently speculated that the high gas prices would in turn cause rates to go up too. His logic is simple: the more money we send over to the middle east, the worse our rate of inflation. In the long-term, [...]
