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Economic Indicators

Economic Indicators. July 2014. WorkFORCE. LOCAL AREA EMPLOYMENT STATISTICS (LAUS). Labor Force & Employment Austin MSA. May 2013 to May 2014: 18,154 (1.8%) added to labor force 27,879 (2.9%) added to employment 9,725 (18.7%) subtracted from unemployed.

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Economic Indicators

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  1. Economic Indicators • July 2014

  2. WorkFORCE LOCAL AREA EMPLOYMENT STATISTICS (LAUS)

  3. Labor Force & EmploymentAustin MSA May 2013 to May 2014: 18,154 (1.8%) added to labor force 27,879 (2.9%) added to employment 9,725 (18.7%) subtracted from unemployed Source: Texas Workforce Commission, LAUS.

  4. UnemploymentAustin MSA, Not Seasonally Adjusted Source: Texas Workforce Commission, LAUS.

  5. UnemploymentAustin MSA Source: Texas Workforce Commission & Federal Reserve Bank of Dallas, LAUS.

  6. Unemployment Rate Source: Texas Workforce Commission & Federal Reserve Bank of Dallas, LAUS.

  7. Unemployment Rate Source: Texas Workforce Commission, LAUS.

  8. Lowest Unemployment RatesAmong the top 50 Metro Areas Source: U.S. Bureau of Labor Statistics, LAUS.

  9. Labor Force Growth Rates Source: Texas Workforce Commission, LAUS.

  10. Employment Growth Rates Source: Texas Workforce Commission, LAUS.

  11. WORKFORCE CURRENT EMPLOYMENT STATISTICS (CES)

  12. Employees on Nonfarm PayrollsAustin MSA Austin added 31,000 jobs (3.6%) in the last 12 months. Source: Texas Workforce Commission, CES.

  13. Employees on Nonfarm PayrollsSeasonally Adjusted Source: Texas Workforce Commission, CES.

  14. Nonfarm Payroll JobsYear-Over-Year Change Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics, CES.

  15. Nonfarm Payroll JobsYear-Over-Year Change Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics, CES.

  16. Employees on Nonfarm Payrolls Growth Rates Source: Texas Workforce Commission & U.S. Bureau of Labor Statistics, CES.

  17. Fastest GrowingAmong the top 50 Metro Areas Source: U.S. Bureau of Labor Statistics, CES.

  18. Monthly Change in Payroll Jobs Seasonally Adj., Austin MSA Source: Texas Workforce Commission, CES

  19. Monthly Change in Payroll JobsSeasonally Adj., Austin MSA The Dallas Fed’s SA series differs from the SA series from TWC/ BLS due to the Dallas Fed’s adoption of a quarterly revision cycle. The TWC/BLS data is benchmarked only annually. Source: Federal Reserve Bank of Dallas, CES

  20. Job Growth by SectorNot Seasonally Adjusted Net job creation for the 12 months ending December 2013: +2,700 private goods producing jobs +26,600 private service providing jobs +1,700 government jobs Source: Texas Workforce Commission, CES.

  21. Employment by IndustryAustin MSA, May 2014 Source: Texas Workforce Commission, CES.

  22. Employment by IndustryAustin MSA Source: Texas Workforce Commission, CES.

  23. New Jobs & Growth Rates by IndustryAustin MSA, May ‘13-May ‘14 Source: Texas Workforce Commission, CES.

  24. Employment Growth Rates by Industry May ‘13-May‘14 Source: Texas Workforce Commission, CES.

  25. New Jobs & Growth Rates by Industry: May ‘13-May ‘14 Source: Texas Workforce Commission, CES.

  26. Workforce Local Area Unemployment Statistics (LAUS) & Current Employment Statistics (CES)

  27. EmploymentAustin MSA Source: Texas Workforce Commission.

  28. Employment Austin MSA Source: Texas Workforce Commission.

  29. Annual Change in EmploymentAustin MSA Source: Texas Workforce Commission.

  30. Workforce Current Employment Statistics (CES) & Quarterly Census of Employment & Wages (QCEW)

  31. Payroll JobsAustin MSA QCEW data lag CES estimate by several months, however QCEW data is based universe counts rather than sample based survey estimates. Preliminary CES data is revised annually based on QCEW data and other adjustments. Source: Texas Workforce Commission.

  32. Annual Change in Payroll JobsAustin MSA Source: Texas Workforce Commission.

  33. Employees on Nonfarm PayrollsAustin MSA The Dallas Fed revises their series quarterly based on QCEW releases, while BLS/TWC benchmark CES data to QCEW only annually. Sources: Texas Workforce Commission & Federal Reserve Bank of Dallas (CES).

  34. Workforce AVERAGE WEEKLY HOURS AND AVERAGE HOURLY EARNINGS

  35. Average Weekly HoursPrivate Industry Source: U.S. Bureau of Labor Statistics, CES.

  36. Average Hourly EarningsPrivate Industry Source: U.S. Bureau of Labor Statistics, CES.

  37. Business Cycle Index

  38. Metro Business Cycle IndexAustin MSA, Seasonally Adjusted • The index summarizes movements in: • Nonagricultural employment • The unemployment rate • Inflation-adjusted wages • Inflation-adjusted retail sales May 2014: The index is 7.5% above the same month last year and monthly percent change has been positive since Sept. 2009. Source: Federal Reserve Bank of Dallas.

  39. Metro Business Cycle IndexAustin MSA, Monthly Percent Change Source: Federal Reserve Bank of Dallas.

  40. Business Cycle IndexMonthly Percent Change Source: Federal Reserve Bank of Dallas.

  41. Metro Business Cycle Index12-Month Moving Average of Monthly Percent Change Source: Federal Reserve Bank of Dallas

  42. Metro Business Cycle Index Growth Rates Source: Federal Reserve Bank of Dallas.

  43. Texas Index of Leading Indicators Source: Federal Reserve Bank of Dallas.

  44. Housing market PERMITS

  45. Housing Units Authorized by Building PermitsAustin MSA Monthly average 2007 1,659 2008 983 2009 730 2010 732 2011 853 1,630 1,738 YTD 1,762 Source: U.S. Census Bureau.

  46. Housing Units Authorized by Building Permits Growth Rates Source: U.S. Census Bureau.

  47. Housing Units Authorized by Building Permits 12-Mo. Moving Avg. of % Ch. Source: U.S. Census Bureau.

  48. Valuation of Housing Units Authorized by Building PermitsAustin MSA Monthly average 2007$237M 2008 154M 2009 104M 2010 107M 2011 114M 195M 236M YTD 276M Source: U.S. Census Bureau.

  49. Valuation of Housing Units Authorized by Building Permits Growth Rates Source: U.S. Census Bureau.

  50. Housing market HOME SALES & PRICES

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