This article is from the Austin Business Journal. Job growth drives the real estate market more than anything else. Austin’s job growth continues to look better than the nation as a whole.
Austin Business Journal (12/13/2006)
More than a third of Austin employers will look to hire in the first quarter of 2007, according a recently released report.
The Manpower Employment Outlook Survey, a quarterly employment forecast, finds that 38 percent of companies expect to hire more employees from January to March. Only 3 percent surveyed were planning to let people go during that period.
However, those numbers aren’t as rosy as they were a year ago, when 47 percent of employers were looking to add jobs and none expected to cut them.
The best job prospects are in construction, durable goods manufacturing, services and public administration.
The Austin area might outpace the nation as a whole, in regard to job growth. According to the survey, about 23 percent of U.S. employers were expecting to hire in the first quarter of 2007, while 11 percent were going to cut staff.
The Manpower Employment Outlook Survey has run for more than 40 years, and polls more than 14,000 public and private employers in 460 U.S. markets. Manpower Inc. (NYSE: MAN) is a $16 billion employment services company.