Austin generated 12,600 new jobs in the 12 months ending in January according to reports by Texas Workforce Commission and the U.S. Bureau of Labor Statistics making it’s growth rate 3.5%, the second highest in the nation! TWC calculated each cities’ growth rate by preliminary payroll jobs numbers. Austin was not the only city in Texas with one of the best growth rate. Houston ranked 1st with 3.7% job growth rate and Fort Worth ranked 5th with 2.9% job growth rate. Dallas was just shy of the Top 10 for best job growth in last 12 months with 2.2% job growth. Here’s who made the list of cities with the best job growth rates in the US.
Best Performing Cities Among 50 Metros
- Salt Lake
- Fort Worth
- San Jose
The Greater Austin area (including San Marcos and Round Rock) added 26,800 new jobs making it the 2nd highest job growth rate. While the government sector lost jobs, Austin’s private sector kept it afloat with 28,200 jobs added to the Austin economy. Below is a graph of Austin’s job growth year over year. Austin is ahead of its pre-recession peak by 16,100 jobs (2.1%).
Over the past 8 years, Austin generated 140,200 new jobs making it number 1 in job creation since 2004. Four other Texas cities made the nation’s top 10 major metro areas in job creation between the end of 2003 and the end of 2011:
Metro area | Percent increase | New jobs
- Austin | 21.3% | 140,200
- Houston | 15.7% | 359,000
- Salt Lake City | 13.5% | 76,900
- San Antonio | 13.1% | 99,200
- Fort Worth | 10.8% | 85,700
- Dallas | 10.0% | 189,100
- Orlando, Fla. | 8.8% | 82,900
- Washington | 8.6% | 195,000
- Charlotte, N.C. | 7.6% | 59,000
- Nashville, Tenn. | 7.2% | 51,300
Graphs provided by the Austin Chamber.