Austin Employment Strong Due to Tourism and Technology
According to the latest edition of the Milken Best Performing Cities Report, Austin is the fourth-best-performing city for job growth and retention. The annual study from the Milken Institute ranks United States cities by their economic strength. In 2013, the Austin area was ranked No. 1 for job growth and creation, now the city has fallen 2 spots. The Austin American Statesman reports:
At least some of that slide can be chalked up to the Austin economic expansion slowing in comparison to other cities in recent years. In the years immediately after the Great Recession, Austin’s job growth was consistently among the best in the nation, ranking No. 2 in the country between 2009 and 2014. But in 2014 alone, Austin’s job growth ranked 12th in the nation. Same with wage growth. Austin ranked third in the nation for wage growth between 2008 and 2013, but in 2013 alone, Austin’s wage growth was the 25th-fastest in the nation.
Photo by Roy Niswanger
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