The Opportunity Austin monthly Economic Development Council monthly meeting for April was held at the offices of Jacobs Engineering and featured a speaker from the Dallas Fed talking about the current economic conditions.

Roberto Coronado shared data and his insights to our investors and gave an outlook for the rest of the year and into 2024.

He presented a mixed picture of data from the local all the way to the national level. The information showed that the US and Austin's economies are slowing, but that price and wage pressures have eased in recent months, although they remain elevated. In addition, his outlook suggests U.S. and Austin will continue to slow in 2023

Roberto noted that while the Texas economy has been growing at a steady pace, there are several challenges on the horizon. Despite these challenges, the presentation shared that the Texas economy has remained resilient due to its diversified economy, favorable business climate, and robust energy sector. The presentation also noted that Texas has a young and growing population, which could provide a significant boost to economic growth in the future.

Despite these challenges, the presentation shared that the Texas economy has remained resilient due to its diversified economy, favorable business climate, and robust energy sector. The presentation also noted that Texas has a young and growing population, which could provide a significant boost to economic growth in the future.

Locally, Austin has long been performing better than the rest of the state and the country. In the graph above it shows Austin's unemployment rate compared to the rest of Texas and the country as a whole. You can view the full presentation here.