According to an August report by the Real Estate Center at Texas A&M University (see http://recenter.tamu.edu/econ/), the Texas (and Austin) economy is doing pretty well as compared to the rest of the United States. The key data that support this include:
- Texas has had a third month of positive annual employment growth. From July 2009 - July 2010 the Texas employment growth rate was 1.3% as compared to close to 0% in the rest of the U.S.
- The private sector employment growth rate in Texas for the same time period was 1.2% compared to 0% in the rest of the U.S.
- For the same period, Austin-Round Rock was one of 19 Texas metro areas (up from 16 metro areas from June 2009-2010) to experience positive employment growth rate.