Tight labor market starts to drag on Austin economy
September 14, 2018
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1:45Now PlayingTight labor market starts to drag on Austin economy
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as posted by the channelBusinesses from retail stores and restaurants to software developers and construction firms are having trouble finding employees locally amid Austin’s tight labor market. As a result, the growth of Austin’s economy is starting to slow according to data from the Federal Reserve Bank of Dallas. The Federal Reserve Bank of Dallas recently revised downward its measure of the region’s annual growth rate from 6 percent to an average of about 4.7 percent through the first six months of 2018. The latest figures
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