All of you real estate cheerleaders should take note of this. Unemployment in Austin is RISING, rates are going up, foreclosures are increasing, and federal homeowner subsidies are ending.
By American-Statesman staff | Thursday, March 25, 2010, 09:19 AM
The Austin area lost jobs at a 0.6 percent annual rate in February, compared to a 1.3 percent year-over-year drop in January.
The Texas Workforce Commission said the area's unemployment rate was 7.2 percent, down from 7.6 percent in January but up from 6.6 percent a year earlier.
The steepest losses continue to be in the construction and manufacturing sectors, which combined lost 5,500 jobs between February 2009 and last month.
But the leisure and hospitality sector — such as hotels and restaurants — gained 5,000 jobs over the same period.
Statewide, the Workforce Commission said the unemployment rate was 8.2 percent last month, the level it has held at for four months in a row.
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What Spin!
- Mr. Bubble
Austin job losses moderate in February | Statesman Business Blog
By American-Statesman staff | Thursday, March 25, 2010, 09:19 AM
The Austin area lost jobs at a 0.6 percent annual rate in February, compared to a 1.3 percent year-over-year drop in January.
The Texas Workforce Commission said the area's unemployment rate was 7.2 percent, down from 7.6 percent in January but up from 6.6 percent a year earlier.
The steepest losses continue to be in the construction and manufacturing sectors, which combined lost 5,500 jobs between February 2009 and last month.
But the leisure and hospitality sector — such as hotels and restaurants — gained 5,000 jobs over the same period.
Statewide, the Workforce Commission said the unemployment rate was 8.2 percent last month, the level it has held at for four months in a row.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
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