The Austin economy slowed slightly in August. Growth in the Austin Business-Cycle Index has steadied over the last two months but remains well below its long-term trend. The unemployment rate increased for the third consecutive month, although it held below other large Texas metros. Jobs declined in August for the first time since March 2016. Recently released data on Austin gross domestic product (GDP) showed that output growth was very strong last year.
Read more...Austin Economic Indicators October 2016 via Dallas Fed