Austin’s economy continued to grow briskly in September. Payroll employment expanded robustly at 3.5 percent, driven by strong hiring in the private sector. The unemployment rate ticked down to 4.2 from 4.4 percent in August. Housing markets remained strong, and tight inventories, strong construction hiring and sustained price appreciation are likely to drive continued growth. Manufacturing in Austin slowed in September, with both employment and production showing signs of moderation from earlier in the year.
Read more...Austin Economic Indicators November 2014 via Dallas Fed
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