Friday, March 23, 2012

Austin leads nation in job creation since 2004, data show: California Exodus Helps Austin Texas

The Austin American Statesman reports:
Even before Apple Inc. showed up with its proposal to create 3,600 new jobs in town, Austin has been doing better than almost any other major urban area in the country at expanding its employment base.

Revised employment figures released a few weeks ago confirmed the trend. Austin ranked No. 1 among the nation's 50 largest metro areas in job growth over the past eight years. Its 140,200 new jobs represented a 21.3 percent increase from the start of 2004, which put it well ahead of second-place Houston, which had 15.7 percent job growth.

For 2011 alone, Austin was 
No. 2 in the nation in job growth. Houston, with its rapidly expanding energy sector, edged out Austin for the national lead with a 3.7 percent increase in jobs, compared with Austin's 3.5 percent.
There's more:
California has been and remains a fertile ground for business recruiting in Austin. Sixty-three of the 225 corporate relocations since 2004 have come from the Golden State. Chamber of commerce officials say Austin's high-tech workforce and the University of Texas fit well with California tech companies that are seeking to expand.
Taxes have consequences!