Economy

economy
4:09 pm
Wed December 1, 2010

Austin Is Top American City On Most Dynamic Cities List

Image by Nasha Lee for KUT News

Austin is the 26th most dynamic city in the post-recession world, according to a new report by the Brookings Metropolitan Policy Program.

The Global MetroMonitor report looks at cities' economic output and employment and ranks them based on how much they "punch above their weight."

Austin was the only American city in the top 30. Istanbul topped the list.

Read more
Economy
3:44 pm
Fri November 19, 2010

Texas Economy Added Almost 48k Jobs in October, Unemployment Steady

Construction industry employment went up 8,800 in October
Photo Courtesy of Bill Jacobus

Texas total nonfarm employment was up by 47,900 jobs in October, according to a Texas Workforce Commission (TWC) press release. This number accounts for an impressive third of the 151,000 jobs the entire U.S. economy added in the same period.

“Every major industry added jobs in October with notable increases in Construction employment” said TWC Chairman Tom Pauken.

TWC also released that the unemployment rate stayed steady at 8.1 percent, a substantial percentage and a half less than the country’s, which is currently at 9.6.

Read more
economy
4:57 pm
Tue November 9, 2010

Austin's Economy Gets Newsweek Props But Does Trouble Loom?

Newsweek says Austin's economy is poised for recovery, but the analysis ignores the possibility of massive public sector job cuts.

Newsweek is the latest national publication to give Austin's economy high praise for being pretty awesome compared to everywhere else.

In its list of the 10 American cities best situated for the recovery, Newsweek repeats the familiar refrain of reasons why Austin's economy rules.

Read more
music and arts
4:47 pm
Mon November 8, 2010

Report: SXSW 2010 Pumped $113 Million into Austin Economy

A Japanese band called Geeks puts up a poster during SXSW 2010. A study today says the festival generated $113 million in spending for the Austin economy.
Photo courtesy JTImages http://www.flickr.com/photos/jmtimages/

South by Southwest's 2010 conference injected $113 million dollars into the city's economy, mainly from people who traveled to Austin to attend. That's according to a new economic report from GreyHill Advisors, whom SXSW commissioned to conduct the study.

You can read a five page executive summary of the report on GreyHill's website. Here are some highlights:

Read more

Pages