Growth in the Austin economy moderated slightly in October but remained strong. The Austin BusinessCycle Index continued to expand, and job growth accelerated to a brisk 5 percent annualized rate. The unemployment rate rose for a second month but is still indicative of a tight labor market. Manufacturing remains weak, and leisure and health care have slowed from a rapid pace of growth earlier in the year. Healthy expansion in construction, high-tech and other industries should continue to propel the local economy the rest of this year.
Read more...Austin Economic Indicators December 2015 via Dallas Fed
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