Friday, February 24, 2012

39,000 New Austin Jobs by The End of Next Year!

Austin and the Hill Country are on one of the highest job growth and economic growth trajectory's in the nation.  In fact the time to buy realestate is NOW! We are at an interesting crossroads of low prices and low interest rates.  Inventories are starting to drop quickly and with that will inevitable increases in prices as the availability shrinks. 

AUSTIN (Austin Business Journal) – The Austin area is expected to experience more rapid employment growth over the next couple years, according to economist Angelos Angelou.
Angelou predicts the region will gain 19,000 jobs in 2012 and 20,000 jobs next year, with most of the gains in retail, education, health, hospitality and manufacturing sectors. Austin added about 13,000 jobs in 2011.
While Angelou expects area unemployment to fall below 5 percent within a year, he also clarified that low-wage jobs will make up the bulk of the added employment.
According to Angelou, Austin also has an opportunity to grow the automotive sector with the addition of the Circuit of the Americas, a Formula One racetrack under construction two miles from Austin-Bergstrom International Airport.
With the anticipated job and population growth in the area, Angelou advocates expanded transit options as a key to easing increased traffic congestion.

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