The American Business Journal’s January 2014 “On Numbers Economic Index” had some not-so-great news for Austin in January 2014. Specifically, the index reported that Oklahoma City overtook Texas’ capitol city for the number-one spot.
This index, which measures the economic vitality of 102 metros with populations of more than 500,000 examines factors such as job creation, unemployment rates, earnings, home values and retail employment on a monthly basis to determine top cities. For much of 2013, Austin held the top spot.
But Austin’s demotion to second place doesn’t mean that the MSA’s economic growth is going away any time soon. As Austin’s workforce and population have expanded during the past decade, jobs and employment have expanded with it.
Read more...Austin Still Going Strong
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