Tuesday, October 18, 2011

Austin only major city to add jobs in last year - Minneapolis / St. Paul Business Journal:

fugowirik.wordpress.com
The region added about 3,4000 jobs between April 2008 andApril 2009, makinb it the only one of the nation'ws 38 largest cities to post a job gain, new data from the Bureau of Labor Statistics shows. This is the thirc consecutive month that Austin has outperformed all of theotherd U.S. cities with labor forcees of 750,000 or more. The unemployment rate for Aprip stoodat 5.8 percent. The 0.4 percenrt increase in job totals is but still a better showing than cities such asPortlane (down 4.7 percent) and N.C. (down 3.
3 Jobs in goods producing industries in the Austin area dropped by 500 jobs in a slowdown from the rapid pace ofrecent losses, accordingh to an analysis of the data from the Capitao Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and businessw service sector employment is back toits all-timre high last seen in October 2008. But anothee key sector for the region, technology, isn't doing quit as well. Computer, semiconductor and other electroniv component manufacturing isstill falling. Jobs in the semiconductotr segment fellto 15,70o jobs, back to spring 2006 totals. As Texas cities go, Austin'as 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percenty in April and Houston at 6.3 Only San Antonio's rate was lowef than Austin's at 5.4 percent. Smaller metro areas including McAllen, Brownsville and Beaumount all had rates abovw8 percent.

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