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Economist Sees Improved Job Picture for Austin, Texas, Area Next Year.
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Austin American-Statesman (Austin, Texas) (viaKnight-Ridder/Tribune Business News)
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December 13, 2003
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Copyright informationCOPYRIGHT 2003 Austin American-Statesman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Claudia Grisales
Dec. 13--The Central Texas economy should experience modest growth next year, with rebounding retail sales and 15,400 new jobs, an economist said Friday.
That's a 2.2 percent growth rate, almost triple the rate so far this year. But many of those jobs will be in the service and government sectors, which means that many of the new jobs will pay less than those lost in the manufacturing sector during the downturn.
Ray Perryman, a Waco economist who heads the Perryman Group, presented his 20th annual forecast to business leaders during a luncheon at the Four Seasons Hotel on Friday.
"It's going to be what I would call a good year, he said ...
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