Nov 2009 Austin Economic Indicators

741 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
741
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Nov 2009 Austin Economic Indicators

  1. 1. 11/4/2009 Economic Indicators November 2009 LABOR FORCE, EMPLOYMENT & UNEMPLOYMENT (LAUS) www.austinchamber.com/DoBusiness/ MediaCenter/Indicators.html 1
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. -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
  7. 7. 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
  8. 8. 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
  9. 9. 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
  10. 10. 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. 11. 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

×