The Austin economy grew at a strong pace in March. The Austin Business-Cycle Index continued its steady deceleration but remained well above trend. Job growth was moderate and faster than in the state. The unemployment rate ticked up after reaching a 15-year low. While overall expansion has decelerated this year compared with last, the region’s relative insulation from the state’s oil and gas sector decline should allow for continued above-average growth.
Read more...Austin Economic Indicators May 2016 via Dallas Fed
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