The Austin economy appears to have shaken off its summer doldrums. Business activity in the city rose by 7.5 percent on an annualized basis in September, according to the Federal Reserve Bank of Dallas, well above its long-term average of 6 percent. In July, the Dallas Fed’s measure of expansion in the local economy — called the Austin business-cycle index — slipped to an annualized 4.3 percent, raising the possibility that a near two-decade low this year in the city’s unemployment rate was starting to restrain growth because area employers were having trouble finding enough workers.
Full Article here: Austin economy accelerates
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