Austin Employment Up In October

Of the 36 large metropolitan areas in the U.S., Austin was tops in job creation in the year-over-year period ending in October, according to the latest report by the Bureau of Labor Statistics (BLS).  On a percentage basis, Austin added more jobs than any other large metropolitan area by boosting employment by 2.4% from October 2009 to October 2010.

More significantly, by looking at the next highest ranking metro area, Washington D.C., it becomes even more clear that Austin is truly leading the pack in percentage job creation.  D.C. managed a 1.5% increase in employment, far below Austin’s performance.  After D.C., the results are much more blocked together with Phoenix gaining 1.4% and Minneapolis up 1.3%.  It is the gap between Austin and the rest of the large metropolitan areas that provides the best evidence that the market is healthy and growing here.

By way of comparison, the metropolitan areas finding themselves at the bottom of the list experienced significant decreases in employment.  Las Vegas lost 3.1% in the period, while Sacramento decreased 2.7% and Detroit was down 1.9%.  Austin’s growth seems all the more impressive when compared to what’s happening around the nation.  The economic recovery seems to be gaining nationwide, but still lags behind the progress we are witnessing here in Austin.

To see the complete report from the BLS, please click here.

Continue to follow this blog to read about employment news in Austin. We regularly include information about employment figures, job creation, newly announced hiring and more.  Here are some recent posts we’ve provided about jobs in Austin:

Austin Fire Department is Hiring (posted Dec. 1, 2010)
SunPower Arriving to Austin; New Executive Airport Coming Soon (posted Nov. 29, 2010)
Central Texas Job Projections by Industry (posted Nov. 19, 2010)

Use the Subscribe feature on the top menu bar to ensure that you know when we’ve updated our blog.  Email info@missionmortgage.com if you have any questions or suggestions.

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About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
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