We’ve stated many times that job growth drives housing sales. Housing sales do not improve the economy, rather housing sales are a result of the economic situation. No one can force more housing sales than people are willing to make, so the key to improving the economy is job growth. When jobs increase, so do real estate sales.
With that in mind, we are pleased to see Austin once again report positive job growth. For the month of September, Austin added 14,300 jobs bringing the total number of jobs to 601,700, according to figures from the U.S. Bureau of Labor Statistics. By creating 14,300 jobs, Austin was able to rank 6th within the U.S. in the raw number of positions created during the month. Washington D.C topped the list. Dallas-Fort Worth was third.
More significantly, Austin experienced the greatest percentage increase for the month, gaining roughly 2.43% from year-over-year. While most of the nation’s cities experienced a decline in jobs, Austin once again witnessed positive results.
We’ve been announcing numerous new job opportunities, many of which will be filled in the months to come and have not yet been reflected in these job growth figures. Given the number of announcements and the relative strength of our market, we see Austin in a position to continue to lead the nation out of the current economic situation and into better results. Central Texas, which includes Austin, added 17,300 jobs in September.
Keep an eye on our blog for more information about local area jobs. Here are some links in case you missed some of our previous posts about jobs coming to the area:
Environmental Systems Corporation adds jobs in Austin
Holiday Job Opportunities Announced