Growth in the Austin economy strengthened in March. The Austin Business-Cycle Index expanded at a faster pace than in February, while the unemployment rate dipped to prepandemic levels. COVID-19 hospitalizations in Austin continued to decline through April, falling to a 10-month low. March housing permits ticked up in the metro as the median home price remained near a record high. Private sector average hourly earnings continued to trend upward.
Read more...Austin Economic Indicators May 2022 via Dallas Fed
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