Develop Austin Texas

New numbers just released by the Austin Chamber of Commerce show that Austin has gained 11,400 jobs over the past 12 months for a 1.5% growth rate.  This ranks Austin 15th in the nation as far as growth rate – down from December when the Brookings Institute had Austin at #1 for job growth. While this may sound disappointing to some, Austin is experiencing growth while other cities are still losing jobs.  Austin is ranked 1^st in terms of having lost the least number of jobs from our peak employment month of November 2008. Other markets have lost many more jobs so they have a much longer way to go to get back to their peak – we only need to gain 16,700 jobs to be back to our November 2008 peak.

Another big indicator, the unemployment rate, shows Austin has the lowest unemployment rate in the state of Texas and the 3rd lowest in the entire nation.  Follow this link to see more data from the recent Austin Chamber of Commerce Report.