Nov 2009 Austin Economic Indicators

11/4/2009 Economic Indicators November 2009 LABOR FORCE, EMPLOYMENT & UNEMPLOYMENT (LAUS) www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 1

11/4/2009 Labor Force & Employment Austin MSA 925,000 904,318 Labor Force 900,000 , Employment E l t 877,560 875,000 850,000 836,976 839,218 825,000 800,000 775,000 September ‘08-September ‘09 750,000 750 000 31,110 (3 6%) 31 110 (3.6%) added to Labor Force 6,485 (0.8%) added to Employed 725,000 25,625 added to Unemployed 700,000 2004 Nov 2004 Mar 2004 Sep 2005 Mar 2005 Sep 2005 Nov 2006 Mar 2006 Sep 2006 Nov 2007 Mar 2007 Sep 2007 Nov 2008 Mar 2008 Sep 2008 Nov 2009 July 2009 Mar 2009 Sep 2004 May 2005 May 2006 May 2007 May 2008 May 2009 May 2004 Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan 2004 Jul 2005 Jul 2006 Jul 2007 Jul 2008 Jul Source: Texas Workforce Commission, LAUS. Unemployment Austin MSA 70,000 65,100 Austin’s record unemployed previous to 2009 was 52,129 (6.7%) in June 2003. 60,000 50,000 40,000 30,000 20,000 10,000 - 2003 Jan 2003 Jul 2004 Jan 2005 Jan 2006 Jan 2003 Apr 2003 Oct 2004 Jul 2004 Apr 2004 Oct 2005 Jul 2005 Apr 2005 Oct 2006 Jul 2007 Jan 2007 Jul 2008 Jan 2008 Jul 2009 Jan 2009 Jul 2006 Apr 2006 Oct 2007 Apr 2007 Oct 2008 Apr 2008 Oct 2009 Apr Source: Texas Workforce Commission, LAUS. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 2

11/4/2009 Unemployment Austin MSA Not Seasonally Adjusted 70,000 8% 65,100 60,000 7% 50,000 6% 40,000 40,475 5% 30,000 4% Austin’s record unemployed previous to this recession was 6.7% (52,129) 20,000 20 000 in June 2003 2003. 3% 10,000 2% Unemployed Unemployment Rate Source: Texas Workforce Commission, Local Area Unemployment Statistics. Unemployment Rates 10% Austin MSA 9% Texas Te as United States 8% 7% 6% 5% 4% 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Source: Texas Workforce Commission, LAUS. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 3

11/4/2009 Unemployment Rates 10% Austin MSA 9% Texas 8% United States 7% 6% 5% 4% 3% 2% 2000 May 2001 May 2002 May 2003 May 2004 May 2005 May 2006 May 2007 May 2008 May 2009 May 2000 Jan 2000 Sep 2001 Jan 2001 Sep 2002 Jan 2002 Sep 2003 Jan 2003 Sep 2004 Jan 2004 Sep 2005 Jan 2005 Sep 2006 Jan 2006 Sep 2007 Jan 2007 Sep 2008 Jan 2008 Sep 2009 Jan 2009 Sep Source: Texas Workforce Commission, LAUS. Lowest Unemployment Rates Top 50 Metro Areas Unemployment Rate Difference Rank Sept. ‘08 p Sept. ‘09 p Washington MDiv 4.1% 6.4% 2.3 1 Virginia Beach MSA 4.3 6.7 2.4 2 Denver MSA 5.0 7.1 2.1 3 San Antonio MSA 4.9 7.1 2.2 4 Austin MSA 4.6 7.2 2.6 5 Minneapolis MSA 5.4 7.3 1.9 6 Nassau MDiv 5.1 7.4 2.3 7 Pittsburgh MSA 4.8 7.6 2.7 8 Baltimore MSA 4.8 7.6 2.8 9 Indianapolis MSA 5.1 7.7 2.6 10 Austin is the 40th largest metro based on total civilian labor force in September. Source: U.S. Bureau of Labor Statistics, LAUS. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 4

11/4/2009 Employment Growth Rates 2% 1.7% 1.4% 1% 0.8% 0.7% 0 7% 0.3% 0% -0.1% -0.5% -0.4% -1% -0.8% -0.7% -2% Austin MSA -3% Texas United States -4% -3.7% -4.3% -5% 2007-2008 YTD 2008-2009 Sep ‘08-Sep ‘09 Aug ‘09-Sep ‘09 Source: Texas Workforce Commission, LAUS. Employment Growth Monthly Percent Change 1.5% 1.0% 1 0% 0.5% 0.0% 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 -0.5% Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep -1.0% 1 0% -1.5% Austin MSA Texas -2.0% United States -2.5% Source: Texas Workforce Commission, LAUS. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 5

-0.4% -0.3% -0.2% -0.1% 0.0% 0.1% 0.2% 0.3% 0 3% 0.4% 2004 Jan 4 2004 Mar 2004 May 4 MediaCenter/Indicators.html 200 Jul 04 2004 Sep 4 2004 Nov 4 2005 Jan 5 2005 Mar 2005 May 5 200 Jul 05 www.austinchamber.com/DoBusiness/ 2005 Sep 5 2005 Nov 5 2006 Jan Employment Growth 6 2006 Mar Monthly Percent Change 2006 May 6 12-Month Moving Average 200 Jul 06 Source: Texas Workforce Commission, LAUS. 2006 Sep 6 2006 Nov 6 2007 Jan 7 2007 Mar 2007 May 7 200 Jul 07 2007 Sep 7 [NONFARM PAYROLL JOBS] STATISTICS (CES) 2007 Nov 7 2008 Jan CURRENT EMPLOYMENT 8 2008 Mar 2008 May 8 200 Jul 08 2008 Sep 8 2008 Nov 8 Texas 2009 Jan 9 2009 Mar 2009 May 9 Austin MSA United States 200 Jul 09 2009 Sep 9 6 11/4/2009

11/4/2009 Employees on Nonfarm Payrolls Austin MSA 800,000 Austin lost 5,500 jobs in the last 12 months. 780,700 780,000 760,000 775,200 740,000 720,000 700,000 680,000 660,000 640,000 2000 Sep 2001 Sep 2002 Sep 2003 Sep 2004 Sep 2005 Sep 2006 Sep 2007 Sep 2008 Sep 2009 Sep 2000 May 2001 May 2002 May 2003 May 2004 May 2005 May 2006 May 2007 May 2008 May 2009 May 2000 Jan 2001 Jan 2002 Jan 2003 Jan 2004 Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan Source: U.S. Bureau of Labor Statistics, CES. Employees on Nonfarm Payrolls 800,000 140 780,000 138 United States (Millions) 760,000 136 740,000 Austin MSA 134 720,000 132 700,000 130 680,000 Austin MSA United States 128 660,000 640,000 126 2004 Jan 2004 Jul 2005 Jan 2006 Jan 2004 Apr 2004 Oct 2005 Jul 2005 Apr 2005 Oct 2006 Jul 2006 Apr 2006 Oct 2007 Jan 2007 Jul 2008 Jan 2008 Jul 2009 Jan 2009 Jul 2007 Apr 2007 Oct 2008 Apr 2008 Oct 2009 Apr Source: U.S. Bureau of Labor Statistics, CES. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 7

11/4/2009 Non-farm Payroll Jobs Year-over-Year Change 45,000 450 40,000 35,000 350 30,000 25,000 250 20,000 Texas (Thousands) 150 15,000 Austin 10,000 50 5,000 - (50) 2004 Aug 2009 Aug 2000 Nov 2003 May 2005 Nov 2008 May 2000 Jan 2000 Jun 2002 Jul 2001 Apr 2003 Oct 2005 Jan 2007 Jul 2008 Oct 2001 Sep 2002 Feb 2002 Dec 2004 Mar 2005 Jun 2006 Apr 2006 Sep 2007 Feb 2007 Dec 2009 Mar (5,000) O O M M A A D D M M N N F F S S J J A A J J (10,000) (150) (15,000) (20,000) (250) (25,000) (30,000) (350) Austin Texas Source: Texas Workforce Commission, Current Employment Statistics. Non-farm Payroll Jobs Year-over-Year Change 45,000 9 40,000 8 35,000 7 30,000 6 25,000 5 nited States (Millions) 20,000 4 15,000 3 Austin 10,000 2 5,000 1 - - 2004 Aug 2009 Aug 2000 Nov 2003 May 2005 Nov 2008 May 2000 Jan 2000 Jun 2001 Apr 2002 Jul 2003 Oct 2005 Jan 2007 Jul 2008 Oct 2001 Sep 2002 Feb 2002 Dec 2004 Mar 2005 Jun 2006 Apr 2006 Sep 2007 Feb 2007 Dec 2009 Mar (5,000) (1) O O M M A A Un D D M M N N F F S S J J A A J J (10,000) (2) (15,000) (3) (20,000) (4) (25,000) (5) (30,000) (6) Austin United States Source: Texas Workforce Commission, Current Employment Statistics. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 8

11/4/2009 Employees on Nonfarm Payrolls Growth Rates 3% 2.6% 2.1% 2% 1% 0.7% 0.1% 0.2% 0% -0.2% -0.4% -1% -0.7% -2% -1.7% -3% -2.8% Austin MSA Texas -4% -3.8% United States -4.2% -5% 2007-2008 YTD 2008-2009 Sep ‘08-Sep‘09 Aug ‘09-Sep ‘09 Source: Texas Workforce Commission, CES. Best Performing Among Top 50 Metro Areas Non-farm Growth Sept. ‘08-Sept. ‘09 payroll jobs Rank Sept. ‘09 Difference % Ch. Virginia Beach MSA 766,300 -4,900 -0.6% 1 Austin MSA 775,200 -5,500 -0.7 2 San Antonio MSA 845,800 -9,200 -1.1 3 Fort Worth MDiv 866,600 -10,400 -1.2 4 Newark MDiv 1,013,400 -13,100 -1.3 5 Washington MDiv 2,388,200 -42,700 -1.8 6 Columbus MSA 923,600 923 600 -16,800 16 800 -1.8 18 7 Edison MDiv 1,008,100 -21,100 -2.1 8 Memphis MSA 619,900 -15,400 -2.4 9 Kansas City MSA 996,700 -25,300 -2.5 10 Austin is the 42nd largest metro based on total non-farm payroll jobs in September. Source: U.S. Bureau of Labor Statistics, CES. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 9

11/4/2009 Employment Growth Monthly Percent Change 1.0% 0.5% 0.0% 2008 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2009 -0.5% Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep -1.0% -1.5% -1 5% Austin MSA -2.0% Texas United States -2.5% -3.0% Source: Texas Workforce Commission, CES. Employment Growth Monthly Percent Change 12-Month Moving Average 0.5% Austin MSA 0.4% Texas United States 0.3% 0.2% 0.1% 0.0% 2004 Jan 2004 May 2004 Nov 2005 Jan 2005 May 2005 Nov 2006 Jan 2006 May 2006 Nov 2007 Jan 2007 May 2007 Nov 2008 Jan 2008 May 2008 Nov 2009 Jan 2009 May 2004 Mar 2004 Sep 2005 Mar 2005 Sep 2006 Mar 2006 Sep 2007 Mar 2007 Sep 2008 Mar 2008 Sep 2009 Mar 2009 Sep 2004 Jul 2005 Jul 2006 Jul 2007 Jul 2008 Jul 2009 Jul -0.1% 4 5 6 7 8 9 -0.2% -0.3% -0.4% -0.5% Source: Texas Workforce Commission, CES. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 10

11/4/2009 Employment by Industry Austin MSA, September 2009 Construction 44,200 Manufacturing 51,000 Wholesale trade 38,600 Retail trade 82,900 Transp, wrhsing, & util 13,300 Information 19,800 Financial activities 45,700 Prof & business services 114,300 , Ed & hlth services 84,100 Leisure & hospitality 80,800 Other services 32,500 Government 168,000 Source: Texas Workforce Commission, CES. Employment by Industry Austin MSA, Sept. 2008 & 2009 Construction 47,300 44,200 2008 Sep 57,600 2009 Sep Manufacturing 51,000 Wholesale trade 41,500 38,600 Retail trade 83,700 82,900 Transp, wrhsing, & util 13,400 13,300 Information 20,700 19,800 Financial activities 44,700 45,700 Prof & business services 112,800 114,300 Ed & hlth services 81,200 84,100 Leisure & hospitality 81,100 80,800 Other services 31,700 32,500 Government 165,000 168,000 Source: Texas Workforce Commission, CES. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 11

11/4/2009 New/Lost Jobs by Industry Sept. ‘08 to Sept. ‘09 7,000 14% Difference Austin % Ch Austin % Ch Texas % Ch U.S. 6,000 12% 5,000 10% 4,000 8% 3,000 6% 2,000 4% Percent Change 1,000 2% Jobs 0 0% rnment cturing Transp. & utilties mation tivities Prof. & busine ser. ources pitality ervices Wholesale trade Retail trade Education & health -1,000 -2% ess , -2,000 -4% Inform Const. & natural reso u Leisure & hosp Financial act e Other se Manufac Gover -3,000 -6% -4,000 -8% -5,000 -10% -6,000 -12% -7,000 -14% Source: Texas Workforce Commission, CES. Job Growth Rates by Industry Between Sept. ‘08 & Sept. ‘09 5% 4% 3% 2% 1% 0% -1% Manufacturing Government Transp. & utilties Const. & resources Information Financial activities eisure & hospitality Other services rof. & business ser. Education & health Wholesale trade Retail trade -2% -3% -4% -5% -6% -7% C E Le -8% Pr -9% -10% -11% -12% -13% -14% Austin MSA Texas United States -15% Source: Texas Workforce Commission, CES. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 12

11/4/2009 Jobs by Industry September 2009 22% 20% Austin MSA 18% Texas bs Percent of Total Job 16% United States 14% 12% 10% 8% 6% 4% 2% 0% Transp.& utilties Financial activities Manufacturing Leisure & hospitality Other services Information Government Education & health Wholesale trade Retail trade Prof. & business ser. Construction & resources Source: Texas Workforce Commission, CES. Austin’s Job Growth by Sector Not Seasonally Adjusted Private Goods Producing Private Service Providing Government 8,000 6,000 4,000 2,000 0 -2,000 -4,000 -6,000 Note: Job loss -8,000 between Dec. and Jan. Jan is a typical -10,000 feature of NSA Net job creation for the 12 months employment data. ending September ‘09: -12,000 -9,700 Private Goods Producing Jobs -14,000 +1,200 Private Service Providing Jobs +3,000 Government Jobs -16,000 -18,000 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Source: Texas Workforce Commission, Current Employment Statistics. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 13

11/4/2009 CURRENT EMPLOYMENT STATISTICS (CES) & QUARTERLY CENSUS OF EMPLOYMENT & WAGES (Q (QCEW)) Payroll Jobs, Austin MSA 800,000 780,000 760,000 740,000 720,000 700,000 680,000 660,000 660 000 2005 Sep 2006 Sep 2007 Sep 2008 Sep 2009 Sep 2005 May 2006 May 2007 May 2008 May 2009 May 2005 Jan 2005 Nov 2005 Mar 2006 Jan 2006 Nov 2006 Mar 2007 Jan 2007 Nov 2008 Nov 2007 Mar 2008 Jan 2008 Mar 2009 Jan 2009 Mar 2005 Jul 2006 Jul 2007 Jul 2008 Jul 2009 Jul QCEW CES Source: Texas Workforce Commission. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 14

11/4/2009 Payroll Jobs Year-over-year Change 45,000 900,000 40,000 800,000 35,000 700,000 30,000 600,000 25,000 500,000 20,000 400,000 15,000 300,000 Austin Texas 10,000 200,000 5,000 100,000 0 0 2006 May y 2006 Nov v 2007 May y 2007 Nov v 2008 May y 2008 Nov v 2009 May y 2006 Jan n 2006 Mar r 2007 Jan n p 2006 Sep 2007 Mar r 2008 Jan n p 2007 Sep 2008 Mar r 2009 Jan n p 2008 Sep 2009 Mar r p 2009 Sep 2006 Jul 2007 Jul 2008 Jul 2009 Jul -5,000 -100,000 -10,000 -200,000 -15,000 -300,000 -20,000 -400,000 -25,000 -500,000 Austin QCEW Austin CES Texas QCEW Texas CES Source: Texas Workforce Commission. EMPLOYMENT LAUS & CES www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 15

-25,000 -15,000 -5,000 5,000 15,000 25,000 35,000 45,000 640,000 660,000 680,000 680 000 700,000 720,000 740,000 760,000 780,000 800,000 820,000 840,000 2000 Jan 2000 Jan 2000 May 2000 May MediaCenter/Indicators.html 2000 Sep 2000 Sep E 2001 Jan 2001 Jan l 2001 May 2001 May Austin MSA Austin MSA 2001 Sep Employment 2001 Sep 2002 Jan 2002 Jan 2002 May 2002 May www.austinchamber.com/DoBusiness/ 2002 Sep 2002 Sep 2003 Jan 2003 Jan 2003 May 2003 May t (of Labor F 2003 Sep 2003 Sep 2004 Jan Employment ( f L b Force) ) 2004 Jan 2004 May Employees on Nonfarm Payrolls 2004 May 2004 Sep 2004 Sep 2005 Jan Source: Texas Workforce Commission, LAUS & CES. Source: Texas Workforce Commission, LAUS & CES. 2005 Jan 2005 May Employment (of Labor Force) 2005 May Employment, Annual Change Employees on Nonfarm Payrolls 2005 Sep 2005 Sep 2006 Jan 2006 Jan 2006 May 2006 May 2006 Sep 2006 Sep 2007 Jan 2007 Jan 2007 May 2007 May 2007 Sep 2007 Sep 2008 Jan 2008 Jan 2008 May 2008 May 2008 Sep 2008 Sep 2009 Jan 2009 Jan 2009 May 2009 May 2009 Sep 2009 Sep 16 11/4/2009

11/4/2009 Employment, Annual Change United States 6,000 4,000 2,000 Thousands 0 000 May 001 May 002 May 003 May 004 May 005 May 006 May 007 May 008 May 009 May 2000 Jan 000 Sep 2001 Jan 001 Sep 2002 Jan 002 Sep 2003 Jan 003 Sep 2004 Jan 004 Sep 2005 Jan 005 Sep 2006 Jan 006 Sep 2007 Jan 007 Sep 2008 Jan 008 Sep 2009 Jan 009 Sep -2,000 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 -4,000 Employees on Nonfarm Payrolls -6,000 Employment (of Labor Force) -8,000 Source: Texas Workforce Commission, LAUS & CES. Employment, Annual Change Austin MSA 45,000 6 5 35,000 4 25,000 3 15,000 2 Mar. 2001 Dec. 2007 Beginning of recession Beginning of Recession 1 Millions 5,000 0 -5,000 2000 May 2001 May 2002 May 2003 May 2004 May 2005 May 2006 May 2007 May 2008 May 2009 May 2000 Sep 2001 Sep 2002 Sep 2003 Sep 2004 Sep 2005 Sep 2006 Sep 2007 Sep 2008 Sep 2009 Sep 2000 Jan 2001 Jan 2002 Jan 2003 Jan 2004 Jan 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan -1 0 1 2 3 4 5 6 7 8 9 -15,000 -2 -3 -25,000 Nov. 2001 -4 End of recession -35,000 -5 Austin MSA United States -45,000 -6 Source: Texas Workforce Commission, CES. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 17

11/4/2009 BUSINESS CYCLE INDEX & TEXAS LEADING INDICATORS INDEX Metro Business Cycle Index Austin MSA (Seasonally Adj.) 420 September 2008: Index 400 is down 5.6% over same month last year. 380 ndex, Oct. 1980=100 360 340 320 300 The index summarizes movements in: In • nonagricultural employment l l l 280 • the unemployment rate • inflation-adjusted wages 260 • inflation-adjusted retail sales 240 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source: Federal Reserve Bank of Dallas. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 18

11/4/2009 Metro Business Cycle Index Austin MSA, Percent Change 1.2% The index summarizes movements in: • nonagricultural employment • th unemployment rate the l t t 0.8% • inflation-adjusted wages • inflation-adjusted retail sales 0.4% 0.0% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 -0.4% -0.8% Source: Federal Reserve Bank of Dallas. Metro Business Cycle Index Monthly Percent Change 12-Month Moving Average 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% -0.1% -0.2% -0.3% -0.4% -0.5% Austin Dallas Ft.Worth Houston San Antonio Source: Federal Reserve Bank of Dallas. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 19

11/4/2009 Growth Rates: Metro Business Cycle Index 6% 4% 2% 0% -2% -4% -6% 2007-2008 YTD 2008-2009 Sep ‘08-Sep ‘09 Aug ‘09-Sep ‘09 Austin MSA Dallas Ft. Worth Houston San Antonio Source: Federal Reserve Bank of Dallas. Business Cycle Index Monthly Percent Change 1.2% Austin 1.0% Texas 0.8% 0.6% 0.4% 0.2% 0.0% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 -0.2% -0.4% -0.6% -0.8% Source: Federal Reserve Bank of Dallas. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 20

11/4/2009 Business Cycle Index Monthly Percent Change 0.7% Austin 0.6% Texas 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 006 007 008 009 010 -0.1% 20 20 20 20 20 -0.2% -0.3% -0.4% -0.5% -0.6% Source: Federal Reserve Bank of Dallas. Texas Index of Leading Indicators 5% 130 4% 125 3% thly Percent Change 2% 120 ndex, 1987=100 1% 0% 115 2006 2007 2008 2009 -1% In Mont 110 -2% 9 straight months of decline ended in April. -3% Index remains 8% above the low it reached in March. 105 -4% % Ch. Index -5% 100 Source: Federal Reserve Bank of Dallas. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 21

11/4/2009 Revised Outlook With the September 1 release of the Q3 issue of Southwest Economy, the Dallas Fed revises Texas’ y, job loss estimates for 2009 originally projected in the Q1 issue. The previous -2.8% (296,000 jobs) estimate has been revised to -2.0 (212,000 jobs), a significant improvement. Recent changes in the Texas Leading Index suggest employment will b l ll bottom out dduring the h third quarter and then begin a gradual increase leading to a mild rebound in job growth next year to about 1.0% to 1.5% (the 30-year average for Texas job growth is 2.8%). HOUSING MARKET www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 22

11/4/2009 Housing Units Authorized by Building Permits 4,000 Multifamily 3,500 Single Family 3,000 Housing Units 2,500 2,000 1,500 1,000 500 0 2005 May 2005 Nov 2006 May 2007 May 2008 May 2009 May 2005 Mar 2005 Jul 2005 Sep 2006 Mar 2006 Jul 2006 Sep 2006 Nov 2007 Mar 2007 Jul 2007 Sep 2007 Nov 2008 Mar 2008 Jul 2008 Sep 2008 Nov 2009 Mar 2009 Jul 2009 Sep 2005 Jan 2006 Jan 2007 Jan 2008 Jan 2009 Jan Source: U.S. Bureau of the Census. Growth Rates: Housing Units Authorized by Building Permits 0% -5% -2.1% -10% -15% -20% -20.7% -25% -30% -28.8% -27.6% 35% -35% -35.3% -40% -38.5% -40.8% Austin MSA -45% -42.6% United States -50% 2007-2008 YTD 2008-2009 Sep ‘08-Sep ‘09 Aug ‘09-Sep ‘09 Source: U.S. Bureau of the Census. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 23

11/4/2009 Percent Change: Housing Units Authorized by Building Permits 12-Month Moving Average 22% Austin MSA 18% United States 14% 10% 6% 2% -2% -6% Source: U.S. Bureau of the Census. Valuation of New Housing Units Authorized by Building Permits Austin MSA $550 $500 Monthly average: 2005 $234M $450 2006 $262M 2007 $237M $400 2008 $154M 2009YTD $111M $350 Millions $300 $250 $200 $150 $100 $50 $0 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Jan Jul Source: U.S. Bureau of the Census. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 24

11/4/2009 Growth Rates: Valuation of Housing Units Authorized by Building Permits 10% Austin MSA United States 0.3% 0 3% 0% -10% -20% -21.0% -30% 30% -27.2% % -26 5% 26.5% -35.0% -40% -37.1% -39.0% -42.1% -50% 2007-2008 YTD 2008-2009 Sep ‘08-Sep ‘09 Aug ‘09-Sep ‘09 Source: U.S. Bureau of the Census. Home Sales Austin MSA 2007-2008: Austin sales were down 20% & national sales were down 13% YTD 2008-2009: Austin sales are 15% & national sales are down 1% 3,500 3,000 2,500 2,000 1,500 1,000 1 000 500 0 Source: Real Estate Center at Texas A&M University. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 25

11/4/2009 Year-Over-Year % Ch. in Home Sales 30% 20% 10% 0% -10% -20% -30% -40% Austin MSA Texas United States Source: Real Estate Center at Texas A&M University & National Association of Realtors. Median Home Prices Existing Homes $205,000 $200,000 $195,000 $195 000 $191,200 $190,000 $185,000 $181,800 $182,700 $180,000 $174,900 $175,000 $170,000 Austin MSA $165,000 United States $160,000 Source: Real Estate Center at Texas A&M University & National Association of Realtors. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 26

11/4/2009 Growth Rates: Median Home Price 4% Sept. 2009 Median Home Prices: 2.2% Austin MSA $182,700 2% United States $174,900 $174 900 0.5% 0% -1.4% -2% -2.2% -4% -6% -8% -8.5% -9.5% -10% 2007-2008 Sep ‘08-Sep ‘09 Aug ‘09-Sep ‘09 Austin MSA United States Source: Real Estate Center at Texas A&M University & National Association of Realtors. Housing Opportunity Index 80 The HOI is a measure of the % of homes sold in a give area during the quarter that 75 are affordable to households earning that g area’s median family income. 70 65 Percent 60 55 50 45 Austin MSA 40 United States 35 Source: National Association of Home Builders. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 27

11/4/2009 AIR SERVICE Total Passengers Austin-Bergstrom Int’l Airport & 12 Month Moving Average 900,000 September 2009 passenger activity is up 0.3% 850,000 from one year ago. Total T t l passengers f 2008 exceeded 2007 by 1.8% for d d b 1 8% 800,000 and topped 9 million for the first time. 750,000 700,000 650,000 600,000 550,000 500,000 ABIA’s June 2008 passengers 450,000 set an all time record of over 869,300 passengers. 400,000 Source: ABIA. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 28

11/4/2009 Total Passengers Austin-Bergstrom Int’l Airport 900,000 850,000 800,000 2000 750,000 2001 2002 700,000 2003 650,000 2004 2005 600,000 2006 550,000 2007 2008 500,000 2009 450,000 400,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: ABIA. Revenue Passenger Enplanments 440,000 75,000 ABIA 420,000 72,500 U.S. 400,000 400 000 70,000 380,000 National (Thousands) 67,500 360,000 65,000 340,000 ABIA 62,500 320,000 60,000 300,000 57,500 280,000 260,000 55,000 240,000 52,500 220,000 50,000 Source: ABIA & U.S. Bureau of Transportation Statistics. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 29

11/4/2009 Total Cargo Activity, ABIA 32 Cargo handled in 2008 was 4% below 2007. ABIA’s cargo peak occurred in March 2001 when the monthly total 28 exceeded 40.2 million pounds. 24 Millions of Pounds 20 16 12 8 4 0 Source: ABIA. VENTURE CAPITAL INVESTMENT www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 30

11/4/2009 Venture Capital Investment Austin MSA $260 $240 2007-2008: $220 Austin down 47% $200 U.S. down 8% $180 YTD ’08-YTD ’09: $160 Austin down 54% $140 Millions U.S. down 45% $120 $100 $80 $60 $40 $20 $0 '05q1 '05q3 '06q1 '06q3 '07q1 '07q3 '08q1 '08q3 '09q1 '09q3 Source: PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey. Venture Capital Investment Quarterly Percent Change 100% Austin MSA 80% United States 60% 40% 20% 0% '06q2 '06q3 '06q4 '07q1 '07q2 '07q3 '07q4 '08q1 '08q2 '08q3 '08q4 '09q1 '09q2 '09q3 06q2 06q3 06q4 07q1 07q2 07q3 07q4 08q1 08q2 08q3 08q4 09q1 09q2 09q3 -20% -40% -60% -80% Source: PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 31

11/4/2009 Venture Capital Investment (Millions) $700 $32,000 $650 $30,000 $600 $28,000 $550 $26,000 $500 $24,000 $450 $22,000 $400 $20,000 $20 000 $350 $18,000 $300 $16,000 2002 2003 2004 2005 2006 2007 2008 Austin MSA United States Source: PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey. VC Investment in Austin Companies as a % of Total U.S. VC Investment 3.0% Austin accounted for 2.3% of all VC investment between 1999 and 2007. 2.5% 2.0% 1.5% 1.2% 1.0% 1.0% 0.5% 0.0% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 YTD Source: PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 32

11/4/2009 VC Investment in Austin Companies as a % of Metro Texas VC Investment 50% 45% 40% 35% 30% 28.0% 25% 20% 15% 10% 5% 0% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 YTD Austin accounted for 40% of Texas VC investment between 1999 and 2007. Source: PricewaterhouseCooper/Venture Economics/NVCA MoneyTree Survey. OTHER INDICATORS www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 33

11/4/2009 Patents Issued to Austin-Area Inventors & 12-Month Moving Average The number of patents issued in 2008 was up 12% from 2007. 300 YTD 2009, patents are up 27% over 2008. 275 250 225 200 175 150 125 100 75 Source: Locke Liddell & Sapp. Employer Costs per Hour Worked, Total Compensation Private Industry Workers $28 $27 Nationally, compensation is up 2.4%; $27.42 in the West South Central region, it i up 4 4% over one year ago. is 4.4% $26.78 $26 78 $26 $25 $24.35 $24 $23.32 $23 $22 $21 $20 '04q1 '04q3 '05q1 '05q3 '06q1 '06q3 '07q1 '07q3 '08q1 '08q3 '09q1 West South Central* United States *Arkansas, Louisiana, Oklahoma & Texas Source: U.S. Bureau of Labor Statistics. www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 34

Nov 2009 Austin Economic Indicators

by Keller Williams Realty - The Witte Team on Dec 03, 2009

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Nov 2009 Austin Economic Indicators — Document Transcript

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