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Emily Starbuck Gerson

Emily's Austin Blog

By Emily Starbuck Gerson, About.com Guide to Austin

Austin to Recover Quickly From Recession

Wednesday July 8, 2009
Forbes.com recently named the best and worst cities for recession recovery. Cities in some states, such as California, could take years to recover. But Forbes says Austin (including Round Rock) is one of the country's cities best poised for a quick recovery.

Forbes calculated which cities were best geared for recovery by analyzing unemployment levels, projected gross domestic product, incomes and affordability data.

Forbes says one reason why Austin (and several other Texas cities) have survived well is because we were not involved in the housing bubble that occurred in states such as California, Nevada and Florida, so we didn't experience the burst they did. The fact that we have a diverse economy with growth in the education and health care fields gave us a great advantage. "From now to the end of 2010, the economy of Austin is projected to grow by $5 billion," Forbes says.

In April, Forbes also declared Austin as the best big city for jobs. Are you job searching? Read this list of the best places to find Austin jobs online.

Comments

July 11, 2009 at 3:04 am
(1) Christina says:

I don’t think that last link is correct; it’s a link for http://www.link.com, which doesn’t to have anything to do with Austin jobs.

July 11, 2009 at 11:15 am
(2) Emily - austin guide says:

Hi Christina,
Good catch! I’m sorry about that error. It has just been corrected; if you click on that link now, it will take you to the article.
Thanks,
Emily

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