Austin’s accolades keep piling up. After the city ranked at or near the top of most economic polls and surveys in 2013, the Texas capital has started 2014 right where it left off, ranking No. 1 on Forbes’ list of the country’s fastest-growing cities for the fourth year in a row.
Forbes noted that Austin had a 2.5 percent estimated population growth in 2013 — the highest of all geographic regions in the country. …Read Entire Post
The first five weeks of 2014 have already seen at least 15 companies announce their intentions to hire more than 1,600 employees in the Austin region, according to data by the Greater Austin Chamber of Commerce.
Current figures far exceed the Chamber’s tracked announcements in past years. In January and February of last year, for example, 19 companies announced plans to hire 562 employees, while in the first two months of 2012, 16 companies announced plans to hire 760. …Read Entire Post
More good news on the economic front – Forbes.com recently named Austin No. 1 on its list of American metro areas with the most economic momentum heading into 2014.
The Forbes’ ranking pointed to Austin’s double-digit growth in GDP, jobs, population and birthrate since 2007. In addition, the Texas capital has a very strong hipster reputation, attracting many of the same people who might otherwise end up in Silicon Valley or San Francisco, but it also boasts the low taxes, light regulation and reasonable housing prices that keep migrants there well past their 30’s. …Read Entire Post
Once again, Austin has topped Milken Institute’s list of Best-Performing metros in the nation. Lauded as an important technology center, the Austin MSA boasts the 13th-highest concentration of technology output in the country.
The city continues to project a hip image that makes it easy to recruit workers from out of state and draw skilled young professionals. …Read Entire Post
Austin continues to top the economic rankings. Most recently, the city’s reputation as a job-creation machine once again propelled Austin to the top of a monthly report by The Business Journals’ On Numbers. With an overall score of 83.9 out of 100 based on 18 economic factors, Austin tops the list of 102 cities measured.
On Numbers reports that Austin, at just under 11 percent, is the only city in the nation with double-digit percentage job growth for the five-year period between October 2008 and October 2013. Job growth is the biggest reason why Austin remains No. 1. …Read Entire Post
Austin has one of the most international economies among the nation’s cities, according to a study recently released by Brookings. Showing its growing global reach, the Austin-Round Rock-San Marcos area’s economy had the ninth highest percentage of international trade among cities nationwide, at 22.3 percent.
The Houston-Sugar Land-Baytown area was the only other Texas region to make the list at 23.9 percent, ranking No. 5. …Read Entire Post
The Austin-area economy grew at one of the fastest rates in the country last year and, barring an unlikely economic meltdown, should soar past the $100 billion mark for the first time during 2013.
Fueled in part by higher exports and the area’s ongoing job creation and population growth, the local gross domestic product rose to $98.7 billion in 2012, according to preliminary data recently released by the U.S. Bureau of Economic Analysis.
That total, which was not adjusted for inflation, gave Austin the 32nd-largest metro-area economy in the country last year, the bureau said.
If Austin sustains its growth trajectory of the past three years, the local economy would surpass the $100 billion mark this year — and do so with a few billion dollars to spare. …Read Entire Post
U.S consumer confidence ebbed early this month and retail sales rose just slightly in August despite strong demand for automobiles and other big-ticket items, the latest indications economic growth slowed in the third quarter.
The lack of momentum in the economy was underscored by other data on Friday showing an energy-led increase in wholesale prices last month, but subdued underlying inflation pressures. …Read Entire Post
The final three months of 2013 is looking good for the Austin area in terms of jobs, according to a recent report. The Manpower Employment Outlook Survey pegs the Austin metropolitan area of having the fifth-best hiring pace in the U.S. during the fourth quarter.
Job prospects in Austin appear best in construction, wholesale and retail trade, professional and business services, education and health services, leisure and hospitality and government.
No Texas cities landed on the list of worst metro areas for jobs. …Read Entire Post
Austin leads a list of seven Texas metros that rank among the 10 areas expected to have the fastest job growth through 2015 (we limited our look to the 200 largest metros areas). Austin’s employment is expected to increase 4% annually, according to economic research firm Moody’s Analytics. …Read Entire Post