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Real Estate Blog
 Liberty Hill Real Estate Blog 
Thursday, 08 January 2009

Austin ranks in the top 10 in job creation in the U.S.!!!  This is great news considering all that is going on in the economy.  Of course, this is one reason our real estate market has not been hit as hard as a lot of areas around the country that you hear about in the media.  We have seen a big slow down in sales, but our prices have only been slightly affected, and our inventories have not skyrocket like in other areas.  Here is the article that I got from the Austin Business Journal:

Austin ranks 10th in the U.S. in job creation

The Austin area added 6,200 private-sector jobs in the 12-month period between November 2007 and November 2008—the 10th biggest gain in metro employment in the country—according to figures released Tuesday by the U.S. Bureau of Labor Statistics.

Texas is showing considerable resilience amid a crippled national economy. The two largest markets in the state—Houston and Dallas-Fort Worth—registered the nation’s biggest private-sector employment gains.

The Houston area added 42,400 jobs between November 2007 and November 2008, and Dallas-Fort Worth picked up 35,100. No other U.S. market gained more than 15,600 private-sector jobs during the 12-month period.

All four of Texas’ major metro areas ranked among the top 10 in job creation in the last year. San Antonio was No. 4 with 11,700 new jobs.

But the rest of the country isn’t faring nearly so well. Just one-fifth of the nation’s 100 largest metropolitan areas managed to add any jobs at all. Seventy-eight suffered losses, 21 posted increases, and one was unchanged.

Detroit was hit with the biggest loss of private-sector jobs, 67,700 in 12 months. November 2008 brought the 38th straight monthly decline for Detroit.

Four other markets lost more than 50,000 private-sector jobs during the past year: Atlanta, Los Angeles, Miami-Fort Lauderdale and Phoenix.

The following are the 100 biggest labor markets in America, ranked according to raw change in private-sector employment between November 2007 and November 2008:

1. Houston, up 42,400 jobs
2. Dallas-Fort Worth, up 35,100 jobs
3. Washington, up 15,600 jobs
4. San Antonio, up 11,700 jobs
5. Seattle, up 9,900 jobs
6. Virginia Beach-Norfolk, up 9,100 jobs
7. Oklahoma City, up 8,100 jobs
8. New Orleans, up 7,200 jobs
9. McAllen-Edinburg, Texas, up 6,700 jobs
10. Austin, up 6,200 jobs
11. Boston, up 4,600 jobs
11. Raleigh, up 4,600 jobs
13. El Paso, Texas, up 4,100 jobs
14. Hartford, up 3,600 jobs
15. Columbus, up 2,900 jobs
16. Baton Rouge, La., up 2,800 jobs
17. Bakersfield, Calif., up 2,000 jobs
18. Omaha, up 1,100 jobs
19. Youngstown, Ohio, up 500 jobs
20. New Haven, Conn., up 300 jobs
21. Des Moines, Iowa, up 200 jobs
22. Poughkeepsie, N.Y., no change
23. Greensboro, down 100 jobs
24. Baltimore, down 200 jobs
25. Albany, down 500 jobs
25. Syracuse, N.Y., down 500 jobs
25. Tulsa, down 500 jobs
28. Little Rock, Ark., down 1,000 jobs
28. Modesto, Calif., down 1,000 jobs
28. Pittsburgh, down 1,000 jobs
31. Wichita, Kans., down 1,300 jobs
32. Greenville, S.C., down 1,600 jobs
33. Scranton-Wilkes-Barre, Pa., down 1,700 jobs
34. Portland, Maine, down 1,900 jobs
35. Bridgeport-Stamford, Conn., down 2,000 jobs
36. Chattanooga, Tenn., down 2,300 jobs
37. Birmingham, down 2,400 jobs
37. Springfield, Mass., down 2,400 jobs
39. Akron, Ohio, down 2,500 jobs
39. Jackson, Miss., down 2,500 jobs
41. Charlotte, down 2,600 jobs
41. Grand Rapids, down 2,600 jobs
41. Stockton, Calif., down 2,600 jobs
44. Ogden, Utah, down 2,800 jobs
45. Daytona Beach, Fla., down 3,000 jobs
45. Fresno, Calif., down 3,000 jobs
47. Knoxville, Tenn., down 3,200 jobs
48. Worcester, Mass., down 3,300 jobs
49. Allentown-Bethlehem, Pa., down 3,400 jobs
49. Indianapolis, down 3,400 jobs
POSTED BY: Shane AT 11:28 am   |  Permalink   |  E-mail this

The Shane T. White Team
RE/MAX Town & Country
13561 Hwy. 29 West
Liberty Hill, Texas 78642
Phone: (512) 515-5263
Toll Free: (866) 302-5263
Fax: (512) 515-5931

Email: shanetwhite@remax.net


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