Austin’s economic boom has lost some of its momentum in recent months amid an extremely tight labor market, but new data from the Federal Reserve Bank of Dallas indicates local growth remains relatively solid. The Dallas Fed’s measure of the region’s economy — called the Austin Business-Cycle Index — expanded at an annualized rate of 5 percent in August. The Austin area’s long-run average is 6 percent, but it marks improvement from an average annualized rate of 4.7 percent through the first six months of 2018 and from a 4.3 percent annualized rate in July.
Full Article here: Austin economy expanding at moderate clip, index finds
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