The Austin–Round Rock economy strengthened in August. Private sector jobs grew at an annualized pace of 3.5 percent in August, although overall job growth slowed to 1.6 percent. The unemployment rate ticked up to 4.4 percent but remains close to prerecession levels. Housing overall and multifamily housing in particular remain strong, with apartment vacancies and home inventories near historic lows and permits for new housing increasing sharply in the second quarter.
Read more...Austin Economic Indicators October 2014 via Dallas Fed