Monday, September 22, 2008

Austin job market holds up amid national slowdown

From statesman, September 20, 2008...

Austin's job market has slowed, but the region continues to gain jobs while many other parts of the country are losing them.

The Central Texas job growth rate was 2.4 percent in August, meaning the region had 18,100 more jobs than it did a year ago, the Texas Workforce Commission reported. Unemployment was 4.5 percent, up a tenth of a percent from July and up from 3.7 percent a year ago.

The local job market has taken some hits this year, the biggest being Dell Inc.'s decision to close two North Austin plants. The region lost 2,800 manufacturing jobs in the past year, but almost every other sector has grown.

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