The Austin economy continued to recover in September, although the pace of growth slowed. The Austin Business-Cycle Index decelerated. Job growth was broad based in the third quarter, but the unemployment rate recently ticked up. Regional consumer spending since mid-July continues to hold at pre-COVID-19 levels. Existing-home sales and building permit activity posted strong performances, and home inventories declined to a record low.
Read more...Austin Economic Indicators November 2020 via Dallas Fed