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Metro
Austin continues to lead the nation in job performance.
The
region added about 3,400 jobs between April 2008 and April 2009, making
it the only one of the nation's 38 largest cities to post a job gain,
new data from the Bureau of Labor Statistics shows. This is the third
consecutive month that
Austin has outperformed all of the other
U.S. cities with labor forces of 750,000 or more. The unemployment rate for April stood at 5.8 percent.
The 0.4 percent increase in job totals is modest, but still a better showing than cities such as
Portland (down 4.7 percent) and
Raleigh,
N.C. (down 3.3 percent).
Jobs in goods producing industries in the
Austin area dropped by 500
jobs in April, a slowdown from the rapid pace of recent losses,
according to an analysis of the data from the Capital Area Council of
Governments. Retail, hotel, and restaurant jobs are all up from this
time last year. And professional and business service sector employment
is back to its all-time high last seen in October 2008.
But
another key sector for the region, technology, isn't doing quite as
well. Computer, semiconductor and other electronic component
manufacturing is still falling. Jobs in the semiconductor segment fell
to 15,700 jobs, back to spring 2006 totals.
As
Texas cities go,
Austin's 5.8 percent
unemployment rate was one of the healthiest. Dallas-Fort Worth stood at
6.6 percent in April and Houston at 6.3 percent. Only
San Antonio's rate was lower than
Austin's at 5.4 percent. Smaller metro areas including
McAllen,
Brownsville and Beaumount all had rates above 8 percent.
Austin Business Journal
Wednesday June 3, 2009 |