According to Angelos Angelou, local Austin economist, the Austin economy is expected to gain more jobs in 2011 and 2012 and stabilize back to pre-recession growth trends. This past year, only 8,200 jobs were added to the Austin workforce, a measly growth rate of 1.1%. In 2011, the Austin economy is expected to pick up 18,800 more jobs at a 2.5% job growth rate. And in 2012, Austin’s job growth rate is predicted to be in the 3% range with predictions of 25,100 more jobs! Industries with the most job growth include leisure and hospitality, and information. Job growth will remain strong in government, education and health care services, and retail.
For more information about the Austin 2011-2012 Economy Forecast, consult AngelouEconomics.
This blog is in reference to this week’s Free Lunch Fridays, a trivia contest featuring bars and restaurants in Realty Austin’s new neighborhood in Downtown Austin. The winner gets a free lunch for two at a restaurant nearby our new headquarters off West 5th and Lamar. “Like” us on Realty Austin’s Facebook Fan Page to join the fun and win free lunch for two! This week’s FLF is sponsored by 24 Diner, a local restaurant near Downtown Austin on 6th and Lamar.