By American Statesman staff
Monday, June 15, 2009, 10:44 AM
Austin’s economy has stabilized, and while it remains “mired in recession,” economists at Wells Fargo said that the foundation is being built for a recovery.
“Austin’s economy is already on the mend, or at least has not continued to fall,” said a new report from Wells Fargo Economics.
The area’s labor market continues to grow jobs and a business cycle index compiled by the Dallas Federal Reserve, while down from a year ago, appears to have bottomed out, the report said.
READ MORE
Monday, June 15, 2009, 10:44 AM
Austin’s economy has stabilized, and while it remains “mired in recession,” economists at Wells Fargo said that the foundation is being built for a recovery.
“Austin’s economy is already on the mend, or at least has not continued to fall,” said a new report from Wells Fargo Economics.
The area’s labor market continues to grow jobs and a business cycle index compiled by the Dallas Federal Reserve, while down from a year ago, appears to have bottomed out, the report said.
READ MORE
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