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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
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Nov 2009 Austin Economic Indicators

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