Growth in the Austin economy slowed in September. The Austin Business-Cycle Index decelerated but maintained an above-average growth rate, while jobs increased modestly. The unemployment rate ticked up but continued to reflect a tight labor market. Improvement in construction activity and real estate, along with robust growth in high-tech services, suggests continued strength in the Austin economy for the remainder of the year.
The business-cycle index expanded at a 7.7 percent annualized rate in September. Although index growth has tapered off since peaking at 9.9 percent in January, it remains well above its 20-year average of 5.8 percent, indicating above-trend expansion in the local economy.
Read more...Austin Economic Indicators November 2015 via Dallas Fed
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