Is still rosy as previously reported. Up until recently, Austin has been able to boast immunity from the problems the rest of the country was facing. There has been a surplus of inventory in available real estate and even with reported layoffs, the job market in Austin has been strong.
Today, the Austin American Statesman reported layoffs from some key Austin employers. Software maker Vignette Corp announced they would be laying off workers although their cuts plan to be in single digit percentages and they only employ 200 in the Austin area. Austin-based Guaranty Financial Group is planning it's second round of layoffs, 10% of the workforce with only 700 workers here. Dell Inc., Freescale and Advanced Mirco Devices who all have facilities in the Austin area have been cutting back over the last few months with little effect in the overall economic situation. And Austin Regional Clinic announced a 6% layoff of a workforce totaling 1,000.
Last month theunemployment rate in Austin was 5% which is still better than most cities and the region is still creating new jobs according to the Austin American Statesman.
Robin Scott, Broker. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.






