According to Dr. Mark Dotzour of the Real Estate Center at Texas A&M University, the overall economy in Texasis out performing that of the rest of the nation. The state's non-farm employment rose 2.6% from April 2007 to April 2008, compared with the less than 0.5% increase for the United States. While the U.S. seasonally adjusted unemployment rate rose from 4.5% to 5.0%, the seasonally adjusted unemployment rate fell from 4.4% in April 2007 to 4.1% in April 2008.
Some high lights for Austin - Round Rockarea? -With 2.7% employment growth rate the area ranked 6th in the state for job creation!
The top three industries with the highest job growthover this period and accross the state were:
1) Natural Resources & Mining
2) Professional & Business Services
3) Leisure & Hospitality
Source: The Real Estate Center at Texas A&M University
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