Austin Real Estate Blog

There are many major cities across the United States. With 2008’s turbulent job market, only one major metropolitan area had an increase in the job market. That city was home, Austin, Texas. According to the Bureau of Labor this is the third month that Austin has out preformed all of the United States cities involved in the survey. Each one of these are involved due to the size of their labor force; it is more than 750 thousand potentially employed adults. The results of this continued gain is seen in the unemployment rate of 5.8 percent when the national average is 9.4 percent.

The big job increases for 2009 have been in the areas of Hospitality, Retail, and Restaurants. These services are provided direct to the public and even through a recession they are seeing modest growth opportunities. Direct impact on Austin’s job market, goods producing industries and technology based industries are down across the region. The jobs in the direct to consumer industries mentioned above, compensate significantly for those jobs lost.

Within the Texas borders Austin’s 5.8% unemployment rate ranks at the top of the list. Dallas-Fort Worth stands with 6.6% and Huston at 6.3% unemployment rates for April. The only Texas City with a better unemployment rate was San Antonio at 5.4%. Many of the smaller metro areas reported more than 8% unemployment.