Austin’s economy continued to surge in October. Payroll employment grew at an annual rate of 1.6 percent, with public sector hiring outpacing the private sector for the first time since May. The unemployment rate continued to fall, dropping from 4.2 to 4.1 percent. The housing market remained strong, with continued price appreciation, construction employment growth, and brisk home sales. Manufacturing in Austin picked up in November after production and new orders contracted in October.
Read more...Austin Economic Indicators December 2014 via Dallas Fed