It’s safe to say that Austin’s economy isn’t backing down any time soon. For the ninth month in a row, Austin has been recognized as having the best economy in the country.
Like other top ranked months, strong job creation rates have pushed Austin ahead of the competition. According to On Numbers, Austin is the only city with job growth percentage in the double-digits, just below eleven percent. To give you a gist of what that means… no other cities in the U.S. have seen job growth over a span of five years that is higher than eight percent. From August 2012 to August 2013, Austin added 23,800 jobs. Give yourself a pat on the back, Austin!
Each month the Business Journal’s On Numbers Economic Index ranks 102 markets with 500,000+ residents by eighteen factors such as unemployment, job growth (over both one and five years), current job wages and income growth over five years. This month’s score for Austin, the highest out of 102 cities, was 83.9 out of 100. Dallas and Houston made the Top 5 with Austin again, as well.
Top 5 Best Economies in the Nation in October 2013
- Austin, Texas
- Dallas-Forth Worth, Texas
- Provo, Utah
- Houston, Texas
- San Jose, California