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Texas Leads Economic Recovery
By Bryan Pope, Associate Editor, Real Estate Center
Release No. 22-0710
COLLEGE STATION, Tex. (Real Estate Center) — Texas is leading the United States in the current U-shaped economic recovery, according to the latest monthly review of the Texas economy from the Real Estate Center at Texas A&M University.
The state’s economy had its second month of positive annual employment growth after 16 months of job losses.
Texas’ annual employment growth rate was 0.9 percent from June 2009 to June 2010 compared with a negative rate of 0.1 percent for the nation. After 17 months of job losses, the state’s private sector posted a positive annual employment growth rate of 0.4 percent.
The state’s seasonally adjusted unemployment rate rose from 7.8 percent in June 2009 to 8.2 percent in June 2010, while the U.S. rate in June was 9.5 percent, the same as in June 2009.
Six Texas industries — education and health services; mining and logging; professional and business services; leisure and hospitality; manufacturing; and transportation, warehousing, utilities — and the government sector had more jobs in June 2010 than in June 2009. Five other industries experienced net job losses over the same period.
Sixteen Texas metro areas experienced positive employment growth rates from June 2009 to June 2010, up from 13 for the period from May 2009 to May 2010. College Station-Bryan ranked first in job creation followed by San Angelo, McAllen-Edinburg-Mission, Killeen-Temple-Fort Hood and Waco.
The state’s actual unemployment rate in June 2010 was 8.5 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, San Angelo, Abilene and College Station-Bryan.
The complete economic review, written by Center Research Economist Dr. Ali Anari, is online at http://recenter.tamu.edu/econ/.
Monday, July 26, 2010
Friday, July 23, 2010
This Should Make You Feel Good About Buying Real Estate in Austin
The 5 counties that make up the Austin metropolitan area (Travis, Williamson, Hayes, Bastrop and Caldwell counties):
●lead the nation in job growth during the last year - both in percentage increase and actual number of new jobs - wow!!
●Forbes magazine ranked Austin #1 in the nation on its list of best large cities/regions for job growth.
●Monster.com also named Austin as the #1 city in America for job growth.
●Kiplinger's Personal Finance magazine ranked Austin #1 in America on its list of Ten Best Cities for the Next Decade
●The Milken Institute ranked Austin #1 in America on its list of Best Performing Cities In 2009 where jobs are created and sustained.
●Porfolio.com ranks Austin #1 in America in its Small Business Vitality rankings for 2010.
●RelocateAmerica.com ranked Austin the 3rd best city in the United States to move to.
●America's Top 100 Places to Live For 2010 ranked Austin the 2nd best City in America.
●Airports Council International's survey of passengers at 118 airports worldwide ranked Austin's airport as #1 in North America - and #2 worldwide.
●The Brookings Institution named Austin as one of only 10 American Cities as a "Next Frontier" Metro Area based on exceeding national averages on population growth, diversity and educational attainment.
●The Brookings Institution also reports that Austin and Raleigh, North Carolina lead the nation in growth among "pre-seniors" (55 to 64 year olds) - translation, Austin area is a great place to retire.
●Add on top of all of that Samsung's recently announced $3.6 Billion direct investment for Phase 2 of its semi-conductor fabrication plant in northeast Austin - the largest private capital investment so far this year in the U.S. - and in the top ten largest private capital investments in America in the last decade - creating 500 new, high paying permanent jobs and more than 1,000 construction jobs - and total payroll of $105 million per year - double wow!!
●Plus Hanger Orthopedic, Pioneer Surgical, Face Book, Legal Zoom, Formula One Racing.........all coming to Austin.
Even two of our local bars took best of show in Playboy's best places to drink list,then there is the news that Dell sales up 19%, reclaims No. 2 ranking on the world’s computer maker ladder.
●lead the nation in job growth during the last year - both in percentage increase and actual number of new jobs - wow!!
●Forbes magazine ranked Austin #1 in the nation on its list of best large cities/regions for job growth.
●Monster.com also named Austin as the #1 city in America for job growth.
●Kiplinger's Personal Finance magazine ranked Austin #1 in America on its list of Ten Best Cities for the Next Decade
●The Milken Institute ranked Austin #1 in America on its list of Best Performing Cities In 2009 where jobs are created and sustained.
●Porfolio.com ranks Austin #1 in America in its Small Business Vitality rankings for 2010.
●RelocateAmerica.com ranked Austin the 3rd best city in the United States to move to.
●America's Top 100 Places to Live For 2010 ranked Austin the 2nd best City in America.
●Airports Council International's survey of passengers at 118 airports worldwide ranked Austin's airport as #1 in North America - and #2 worldwide.
●The Brookings Institution named Austin as one of only 10 American Cities as a "Next Frontier" Metro Area based on exceeding national averages on population growth, diversity and educational attainment.
●The Brookings Institution also reports that Austin and Raleigh, North Carolina lead the nation in growth among "pre-seniors" (55 to 64 year olds) - translation, Austin area is a great place to retire.
●Add on top of all of that Samsung's recently announced $3.6 Billion direct investment for Phase 2 of its semi-conductor fabrication plant in northeast Austin - the largest private capital investment so far this year in the U.S. - and in the top ten largest private capital investments in America in the last decade - creating 500 new, high paying permanent jobs and more than 1,000 construction jobs - and total payroll of $105 million per year - double wow!!
●Plus Hanger Orthopedic, Pioneer Surgical, Face Book, Legal Zoom, Formula One Racing.........all coming to Austin.
Even two of our local bars took best of show in Playboy's best places to drink list,then there is the news that Dell sales up 19%, reclaims No. 2 ranking on the world’s computer maker ladder.
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