Austin a top city for jobs this year, Forbes says

May 5, 2014
Austin Business Journal

After an off year in 2013, Austin rebounded to take the No. 3 spot on Forbes' latest listing of the best cities for jobs


The ranking is based on five factors: recent (current and prior years') employment growth, mid-term growth (average annual 2008-2013 growth rate), long-term trend and momentum, current year growth and the average of each year's growth rate for the past 10 years


The Austin area recorded 881,000 jobs and growth of 4.1 percent in 2013. Its growth rate from 2008 to 2013 was 13.7 percent. Austin had been ranked at No. 1 in 2012, but dipped down to No. 10 in 2013
  


The Houston area recorded 2.83 million jobs and growth of 3 percent in 2013. Its growth rate from 2008 to 2013 was 8.4 percent. It also held the No. 5 position on the 2013 list, down from No. 2 on the 2012 list


The tech meccas of Silicon Valley and San Francisco snagged the top two spots. Just four years ago, they ranked 47th and 42nd, respectively 


Print Article opens in new window