Austin's economy ranked No. 1 in the country

Oct 25, 2013
Austin Business Journal

Austin's reputation as a job-creation machine has again propelled it to the top of a monthly report measuring economic indicators for all major U.S. metro areas


With an overall score of 83.9 out of 100 based on 18 economic factors, Austin tops the list of 102 cities measured in the monthly report by The Business Journals' On Numbers


The Texas capital, with an unemployment rate of 5.2 percent and five-year wages growth from October 2008 through October 2013 of nearly 15 percent, had held first place for eight of the first 10 months in 2013. The city's average weekly earnings per worker are now $919.12


The biggest reason why Austin remains No. 1 is its job-growth record. On Numbers reports that Austin is the only city in the nation — pause for a second, and let that sink in for minute — with double-digit percentage job growth in that five-year period, at just under 11 percent. By comparison, no other U.S. city has seen five-year job growth higher than 8 percent


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