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Austin-area builders post largest monthly job gains since 2000
 Bryan Kent and his colleagues at DPR Construction know they have to keep their workers happy. In a market growing as rapidly as Austin’s – and especially in a construction industry that’s famished for labor – quality workers will have no problem finding a good option elsewhere. “There definitely is pressure to...

Posted: 29 days ago

Bryan Kent and his colleagues at DPR Construction know they have to keep their workers happy. In a market growing as rapidly as Austin’s – and especially in a construction industry that’s famished for labor – quality workers will have no problem finding a good option elsewhere. “There definitely is pressure to...
At SXSW, artificial intelligence talk focused on more pragmatic, near-term possibilities
 Maybe Ed Doran really does like to listen to Jamaican-infused Nordic metal bands, maybe he doesn’t. Either way, there are times he wants to crank the music up to 11, and times it’s better muted. Unfortunately, artificial intelligence can’t always tell the difference, and that missing context ranks among the key challenges...

Posted: 30 days ago

Maybe Ed Doran really does like to listen to Jamaican-infused Nordic metal bands, maybe he doesn’t. Either way, there are times he wants to crank the music up to 11, and times it’s better muted. Unfortunately, artificial intelligence can’t always tell the difference, and that missing context ranks among the key challenges...
Austin job growth continues, handles new surge of workers
 Virtually every sector of the Austin-area employment mix added jobs in February, helping soak up an unusually large surge of workers entering or returning to the labor force, according to preliminary data released Friday by the Texas Workforce Commission. Local employers added about 9,700 jobs during the month, expanding payrolls at a rate...

Posted: 30 days ago

Virtually every sector of the Austin-area employment mix added jobs in February, helping soak up an unusually large surge of workers entering or returning to the labor force, according to preliminary data released Friday by the Texas Workforce Commission. Local employers added about 9,700 jobs during the month, expanding payrolls at a rate...
Mix of startups, incoming firms keeps Austin job growth buzzing
 Austin occupies a rare and fortunate niche in the country’s high-tech labor market. On one hand, local universities and entrepreneurs have spawned enough research and startup activity to sustain local growth. On the other, the region remains inexpensive enough – and retains a deep enough talent pool – to draw in new jobs...

11:25 PM Friday, Mar. 09, 2018

Austin occupies a rare and fortunate niche in the country’s high-tech labor market. On one hand, local universities and entrepreneurs have spawned enough research and startup activity to sustain local growth. On the other, the region remains inexpensive enough – and retains a deep enough talent pool – to draw in new jobs...
In tight labor market, Austin employers kept up pace of job growth
 Austin-area employers sustained the region’s strong job growth last year despite an increasingly tight labor market, but they cut jobs in their typical seasonal patterns during January, according to data released Friday by the Texas Workforce Commission. Metro-area payrolls expanded by 3.3 percent in 2017, maintaining the same healthy...

4:48 PM Friday, Mar. 09, 2018

Austin-area employers sustained the region’s strong job growth last year despite an increasingly tight labor market, but they cut jobs in their typical seasonal patterns during January, according to data released Friday by the Texas Workforce Commission. Metro-area payrolls expanded by 3.3 percent in 2017, maintaining the same healthy...
Dallas Fed: Slower retail sales dent region’s economic growth
 A modest decline in retail sales cooled the ongoing growth of the regional economy in recent weeks, but widespread demand and the continued resurgence of the energy and manufacturing sectors helped drive activity, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal report...

11:28 PM Wednesday, Mar. 07, 2018

A modest decline in retail sales cooled the ongoing growth of the regional economy in recent weeks, but widespread demand and the continued resurgence of the energy and manufacturing sectors helped drive activity, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal report...
Will Austin’s labor market help it land Amazon’s HQ2 project?
 At the moment, only Amazon’s top executives really know which factors will decide what city wins the battle for the $5 billion project Amazon has dubbed HQ2 But to the extent that workforce factors will influence the decision, Austin might face an uphill battle. An in-depth analysis compiled by labor-market analytics firm Emsi for the...

5:52 PM Friday, Feb. 16, 2018

At the moment, only Amazon’s top executives really know which factors will decide what city wins the battle for the $5 billion project Amazon has dubbed HQ2 But to the extent that workforce factors will influence the decision, Austin might face an uphill battle. An in-depth analysis compiled by labor-market analytics firm Emsi for the...
In bid for Amazon’s HQ2, is Austin’s labor market a plus or a minus?
 Despite all the bluster about tax incentives, site selection and economic development experts insist that more mundane factors — especially workforce criteria – still hold the greatest sway over corporate relocation and expansion decisions.  Of course, we might have to toss all the usual expectations when it comes to Amazon&rsquo...

5:44 PM Friday, Feb. 16, 2018

Despite all the bluster about tax incentives, site selection and economic development experts insist that more mundane factors — especially workforce criteria – still hold the greatest sway over corporate relocation and expansion decisions.  Of course, we might have to toss all the usual expectations when it comes to Amazon&rsquo...
Despite tight labor market, Austin job growth maintains momentum
 Back around the middle of last year, workforce experts looked at the easing rate of Austin-area job growth and figured the inevitable had finally arrived: The region’s tight labor market was bringing expansion back to more reasonable levels. In true Austin fashion, though, local hiring re-accelerated in the months since. And after modest...

9:52 PM Friday, Jan. 19, 2018

Back around the middle of last year, workforce experts looked at the easing rate of Austin-area job growth and figured the inevitable had finally arrived: The region’s tight labor market was bringing expansion back to more reasonable levels. In true Austin fashion, though, local hiring re-accelerated in the months since. And after modest...
Modest December job growth caps steady year in Austin labor market
 Austin employers closed out 2017 with modest job growth in December, helping hold the regional unemployment rate steady in a tight labor market. Local employers added about 1,200 jobs during the month, a 0.1 increase that was in line with typical Decembers, according to preliminary data released Friday by the Texas Workforce Commission. The...

5:15 PM Friday, Jan. 19, 2018

Austin employers closed out 2017 with modest job growth in December, helping hold the regional unemployment rate steady in a tight labor market. Local employers added about 1,200 jobs during the month, a 0.1 increase that was in line with typical Decembers, according to preliminary data released Friday by the Texas Workforce Commission. The...
Comparing Austin’s competition for Amazon’s HQ2
 Here’s a look at how the finalists for  Amazon’s “HQ2” second headquarters project compare in a variety of categories, from economics to education. (Use the tool at the bottom to scroll through the table.) Notes: * This list does not include data for Toronto ** The New York City metro area includes two potential...

9:52 PM Thursday, Jan. 18, 2018

Here’s a look at how the finalists for  Amazon’s “HQ2” second headquarters project compare in a variety of categories, from economics to education. (Use the tool at the bottom to scroll through the table.) Notes: * This list does not include data for Toronto ** The New York City metro area includes two potential...
Dallas Fed: With tax overhaul as ‘tailwind,’ regional economy surged
 Economic activity in Texas and parts of two neighboring states surged over the past six weeks, as the federal tax overhaul boosted confidence across a wide range of businesses in the region, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal report on the economy compiled...

8:45 PM Wednesday, Jan. 17, 2018

Economic activity in Texas and parts of two neighboring states surged over the past six weeks, as the federal tax overhaul boosted confidence across a wide range of businesses in the region, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal report on the economy compiled...
USA Compression Partners plans $1.8 billion acquisition

3:20 PM Tuesday, Jan. 16, 2018

USA Compression Partners on Tuesday announced the acquisition of a key rival in a complex, $1.8 billion deal that will make the Austin-based company one of the country’s largest providers of the horsepower that pushes natural gas through pipelines. USA Compression said it will acquire CDM Resource Management and CDM Environmental and...
Key Texas lawmaker supports Medicaid policy change

11:44 PM Thursday, Jan. 11, 2018

An influential Texas lawmaker says he supports a new federal policy that allows states to impose work requirements for Medicaid recipients. State Sen. Charles Schwertner, R-Georgetown, who chairs the Texas Senate’s Health and Human Services Committee, said the policy change will allow states more flexibility with their health care systems...
After Bitcoin surges, Texas regulators start to scrutinize virtual currency offers
 The skyrocketing value of Bitcoin and the launch of several new virtual currencies in recent months has attracted a wave of new investors and speculators.  It has also attracted the eye of federal and state securities regulators across the country.  The Texas State Securities Board ratcheted the scrutiny up a notch in recent weeks...

9:49 PM Wednesday, Jan. 10, 2018

The skyrocketing value of Bitcoin and the launch of several new virtual currencies in recent months has attracted a wave of new investors and speculators.  It has also attracted the eye of federal and state securities regulators across the country.  The Texas State Securities Board ratcheted the scrutiny up a notch in recent weeks...
Dallas Fed: Texas job growth will rebound to 3 percent this year
 With the Texas economy “firing on all cylinders,” statewide job growth will accelerate in 2018, but the increasingly tight labor market here and across the country will limit the surge, according to a forecast from the Federal Reserve Bank of Dallas. The Dallas Fed now expects Texas employers to add around 366,000 jobs, an increase...

10:23 PM Tuesday, Jan. 09, 2018

With the Texas economy “firing on all cylinders,” statewide job growth will accelerate in 2018, but the increasingly tight labor market here and across the country will limit the surge, according to a forecast from the Federal Reserve Bank of Dallas. The Dallas Fed now expects Texas employers to add around 366,000 jobs, an increase...
A look at what 2018 could bring for Austin’s economy
 Austin enters 2018 with a labor market and economy as robust as any it has experienced in nearly two decades. However, two critical issues from the dot-com past are re-emerging and will shape 2018 — technology’s ability to increase productivity and prosperity; and the threat the tech industry could pose to a broad-based sharing...

6:35 PM Friday, Jan. 05, 2018

Austin enters 2018 with a labor market and economy as robust as any it has experienced in nearly two decades. However, two critical issues from the dot-com past are re-emerging and will shape 2018 — technology’s ability to increase productivity and prosperity; and the threat the tech industry could pose to a broad-based sharing...
Austin’s 2018 economy: Tech challenges, job growth, more VC dollars
 Austin enters 2018 with a labor market and economy as robust as any it has experienced in nearly two decades. Even as the region’s economic output has eased a bit in recent years, its expansion continues to outpace nearly every large metro area in the country. And, on top of that, its unemployment rate has dropped to levels not seen...

6:25 PM Friday, Jan. 05, 2018

Austin enters 2018 with a labor market and economy as robust as any it has experienced in nearly two decades. Even as the region’s economic output has eased a bit in recent years, its expansion continues to outpace nearly every large metro area in the country. And, on top of that, its unemployment rate has dropped to levels not seen...
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