From Austin Business Journal, February 2, 2009...
The number of job ads in the Austin market dropped 56 percent in January compared with January 2008—the biggest year-over-year decline of any major U.S. market, new data shows.
A study from The Conference Board and Wanted Technologies Corp. shows there were roughly 19,200 job ads posted online for Austin last month, down from 44,400 a year earlier. Miami and Phoenix were the only two other markets where job ads dropped by more than half.
But while Austin has experienced a big drop in ads, the area’s ratio of unemployed workers to job postings appears better than in Texas as a whole or the United States in general. That’s because Austin’s unemployment rate of 5 percent is lower than the Texas and national average.
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