Austin ranked #14 on Businessweek’s Top 25 Next Job Markets To Recover list. Reports claim that Austin did well during the recession due to the abundance of education and government jobs. Austin, home to the University of Texas and State Capital of Austin, is one of the few cities that have helped to stabilize the economy. Here are the stats:
Last quarter Q3, the annualized job growth was down at only -1.4%. The projected annualized job growth for Q1 2010 is estimated at 1.2%. Austin recently had its first quarter of recovery in Q4. Austin’s unemployment rate is 7.3%, lower than the national double-digit average, 11%. The Austin Chamber of Commerce has a great write-up on this here.
Continue reading about the top 25 cities to recover next here.
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