Austin Economic Indicators, September 2017

The Austin economy expanded at a moderate pace in July. The Austin Business-Cycle Index continued to grow near its long-term trend, with declining jobs in July offset to some degree by a further fall in the area jobless rate. High-tech jobs continued to grow but at a subdued pace compared with the last several years. Austin’s residential real estate market remains tight, and home affordability declined in the second quarter to a post-recession low.