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Wednesday, December 9, 2009

 

Austin Retail Jobs Outlook Ranks Best in Nation

The future is bright for those with, or looking to find, Austin retail jobs.

Pitney Bowes Business Insight recently released its list of the 10 markets throughout the country that will be most promising for retailers during the next six quarters. Austin was ranked first for its "consistent healthy growth" in gross metropolitan product and personal disposable income.

"Austin tops our list in all of the retail sectors we examined for sustained retail sales growth," the report notes. "As we look forward to the next six quarters, Austin also places in the top five markets for all retail sectors we examined."

The retail industry contributes to Austin's stable economy. The Austin-Round Rock area's unemployment rate has remained at 7.2 percent since August, placing it well below the current national unemployment rate of 10 percent.

The area had a total non-farm employment of 780,700 workers during October, according to the U.S. Department of Labor Bureau of Labor Statistics. This is up from 774,700 workers during September, but a .4 percent decrease from last year.

Despite Baltimore, which ranked second, the remaining top five cities in the report also are located in Texas, including: Houston, Dallas and San Antonio. The report states that markets in Texas have remained resilient throughout the recession, in part because they never faced the same housing collapse or decrease in unemployment as cities in other states.

The top 10 retail markets include:
  1. Austin, Texas
  2. Baltimore, Md.
  3. Houston, Texas
  4. Dallas, Texas
  5. San Antonio, Texas
  6. Washington, D.C.
  7. Seattle, Wash.
  8. Kansas City, Mo.-Kan.
  9. Providence-New Bedford-Fall River, R.I.-Mass.
  10. Columbus, Ohio

Pitney Bowes Business Insight used MarketPulse software to compile the report, which analyzed current and predicted macroeconomic and demographic data and sales history. The firm looked at sales results for the past six quarters and estimated sales growth for the next six quarters.

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