This month Austin moves up on the On Numbers Economic Index due to its employment growth and its stable housing market. Austin has consistently been ranked #2 on this index for the last few months, but this month it pushed past Oklahoma City to earn the top spot.
According to the report:
The number of private-sector jobs in Austin has increased by 7.9 percent since late 2007, easily the fastest pace in America.
Unemployment rates are lower than 5.5 percent in only 12 metros. Austin’s rate is 5.3 percent.
The value of a typical Austin home has risen 4.2 percent in five years, the fourth-best increase in the nation.
Other Texas cities to rank in the top 20 are Houston (3) and Dallas-Ft Worth (14). For more information and the full article, visit http://goo.gl/U7j2L