Austin was ‘the biggest winner’ of COVID tech migration
A year after the pandemic canceled its signature tech and arts conference, SXSW, Austin...
Austin has regained 97% of its lost jobs from spring 2020, according to the Austin Chamber of Commerce. Unemployment was a seasonally adjusted 4.6% in May, down from a pandemic peak of around 12% in April 2020. Company relocations added 12,421 new jobs last year, a record high. The housing market is one of the hottest in the country, with demand soaring from out-of-state arrivals. Studies show there wasn’t a California exodus to Texas, but Austin has benefited from company expansions and tech migration.