The Austin economy grew moderately in April. The Austin Business-Cycle Index decelerated but growth remained above its long-term trend. Job growth slowed to an annualized 1.1 percent in April, mirroring the state rate. The unemployment rate held steady at a low level, indicating a tight labor market. Over the past several months, a technology sector slowdown has become a potential headwind to growth in Austin.
Read more...Austin Economic Indicators June 2016 via Dallas Fed