Austin's economy led nation through recession and recovery, Brookings reportsAustin's economy led nation through recession and r

Apr 7, 2014
Austin Business Journal

The Austin metro area's economy has been the nation's top performer through the recession and the recovery, according to a new study by The Brookings Institution


The four major Texas Triangle metropolitan areas, consisting of Austin, Houston, Dallas-Fort Worth and San Antonio topped the list in that order. The report used data compiled through the first quarter of 2013


The Washington, D.C.-based policy institute ranked the nation's metro areas and compared changes in jobs, unemployment, gross product output and home prices for each area through three time periods: the recession, the following recovery and the period combining both. The Austin area's economy ranked seventh nationally during the recession, third during the recovery and first in the period that combines both the recession and the recovery


Austin's job creation, gross product output, housing prices and unemployment far outstripped the national average both during the recession and the subsequent recovery. More detailed information on the metro area's economy is available on the Brookings website


The recovery figures are often touted by local economic development officials, who note that Austin fared much better relative to the rest of the nation in the most recent recession than it did during the previous technology bust


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