Austin Texas Economy

Dated: June 28 2017

Views: 219

Image title


Texas A &M came out with their monthly report on the Texas economy June 22nd. Here are some things from their report that stood out to me. You can visit their Real Estate center for full details.


Texas was reported to have gained 266,600 nonagricultural jobs from May 2016 to May 2017. That is an annual growth rate of 2.2 percent. This is higher than the nation’s employment growth rate of 1.6 percent.


Texas saw job growth in all its industries with the exception of the Information Industry which actually ended the 12 month period with less jobs. The mining and logging industry ranked first in job creation followed by transportation, warehousing, professional and business services, education and health services, leisure and hospitality, and financial activities.


Comparing that same period (May 2016-May 2017), Texas’ seasonally adjusted unemployment rate grew to 4.8 percent, up from 4.7 percent in May 2016. Whereas, the nation’s rate decreased from 4.7 to 4.3 percent.



Within that report, here are some interesting stats specific to the Austin – Round Rock area.


The Austin-Round Rock area was third in the employment growth, with a 2.8% employment growth (higher than the state growth).

The area also ranked fifth in “Shares of Total Texas Jobs”, owning a total of 8.3440% of Texas jobs.

Austin-Round Rock came in with the third highest contribution to total Texas jobs.

At the same time, it had the second lowest unemployment rate, 3.2%. That is more than 1% lower than the state and national rates.


Overall, I’d say Austin performed well.


I hope you found this interesting. As a Realtor, part of my job is keeping you informed.

If you know someone who needs help or advice with a real estate related situation, please have them contact me.


Keeping you informed,


Donna L Bovee

Team Price Real Estate

Price Commercial Real Estate

(512) 497-3643

DonnaBovee@TeamPrice.com

Latest Blog Posts

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars—for

Read More

Thai Cuisine On Parmer Lane

Eating out has been a luxury in the last year, and meeting friends even more of a treat.After working with clients on a beautiful Sunday, I met a friend for an early dinner at Thai Cuisine. He had

Read More

Is The Real Estate Market Going To Crash

While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?When COVID-related shutdowns began in March, real estate brokers and

Read More

2021 Austin Texas Real Estate Market Is A Bubble

Or is it?Elon Musk recently said in an interview: “It’s going to be the biggest boomtown that America has seen in 50 years”– Austin American Statesman February 12, 2021, and was speaking

Read More