An article in the Sacramento Bee has an illustration of when US metro job markets are expected to recover to their pre-recession employment levels.
From the looks of it, Texas is faring the best. We're expected to get back to normal by the end of 2009 or within 2010. Edited to add: I specifically looked at the Austin - Round Rock area and they're predicting a return to our April 2008 unemployment rate of 3.5% in the 2010 third business quarter. I'm no business major, but I think that means June of 2010, right?
To all the Austinites who are still unemployed - hang in there, because there's a light at the end of the tunnel. And remember that population growth = economic vibrancy.
Labels: economy, employment