Friday, March 23, 2012

Austin's Job Growth since 2004 Leads Nation

A Plus Apartments CardAustin's Job Growth since 2004 leads the nation, new data from the Bureau of Labor Statistics show. Austin is number one out of the top 50 metropolitan areas in the country in job growth over the last eight years.  For 2011, Austin held the number two spot just behind Houston in job creation, Statesman.com reports. 

Austin has created 140,200 new jobs since 2004, a 21.3 percent increase.  Many of those jobs have been in the high tech sector.  The Chamber of Commerce reports that there are 101,521 tech jobs in Austin, up 6,000 from last year.  Many of those high tech companies are relocating from California, lured by the University of Texas and Austin's high-tech workforce, as well as state and local tax incentives.  

Economists forecast continued job growth for Austin and Texas as a whole, due in no small part to Austin's eagerness to market its amenities and the talent of its workforce through the Chamber of Commerce and private entities such as Opportunity Austin.  With no plans for the job growth to slow down, it seems that the market for Austin Apartments For Rent will continue to rise.