Austin, the 42nd largest job market, consistently outperforms all other metros. Based on state and national numbers, Austin grew 2.3% year-over-year by creating 17,300 jobs in the last 12 months (or 5% of all jobs created in the U.S.)
• Total Austin non-farm jobs peaked in November 2008 with 783,400. September 2010 total jobs of 771,200 are only 12,200 off of our peak.
• At our current trend rate, Austin could be back to its peak employment by May 2011
• 22 of the 50 largest Metros are now experiencing positive job growth
• Austin’s 2.3% growth rate compares to 1.0% for Dallas, 0.9% for Fort Worth, 0.7% for San Antonio and 0.1% for Houston
• Texas jobs have grown 4 months in a row. The state added 166,600 jobs or 1.6% increase.
• Nationally, 321,000 jobs (0.2%) have been added over the last 12 months. This is the third month of year-over-year growth, following 26 straight months of negative growth.
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