The race to become America's next economic heavyweight may already have a frontrunner. The latest Internal Revenue Service (IRS) migration data show billions of dollars in taxpayer wealth flowing into Texas, while Census figures show the state's largest metropolitan areas continue to outpace much of the country in population growth, strengthening a decades-long shift in America's economic center of...
Looking up at night, the moon feels a little closer than it used to — at least to those in Texas’ booming aerospace sector. When Cedar Park-based Firefly Aerospace Inc. successfully landed there last year — the first commercial company to do so — the moment highlighted an Austin-area aerospace and defense ecosystem that has seen nearly fourfold growth in the past five years. That’s got...
Despite numerous return-to-office initiatives in the past few years, remote work is persisting above pre-pandemic levels in the Austin metro area and across the nation. In the U.S., employees spent an average of 26% of full paid days working from home in May, according to survey results published by the St. Louis Federal Reserve. While that’s nowhere near the 62% remote work rate during the pandemic in...
A cleaning service firm for the semiconductor industry is expanding its Austin operations and plans to create hundreds of new jobs with the help of a state grant. Quantum Global Technologies LLC received a roughly $3.1 million grant from the Texas Semiconductor Innovation Fund to support expansion of the company’s Austin facility, which includes the creation of at least 287 new jobs in the...
The national economy is not in a recession, nor is it about to fall into one. The latest job market is showing more net new job additions and low unemployment of only 4.3%. The wage growth of 3.6% to an average hourly rate of $37.41 in April is modestly outpacing the latest available consumer price inflation in March. Moreover, income growth is easily outpacing national home price growth and,...
Austin — known colloquially as Silicon Hills thanks to the area’s bustling tech sector — is among the top U.S. metro areas for artificial intelligence jobs, a study suggests. It ranked seventh overall among U.S. metropolitan areas in a new AI job market study by CoworkingCafé. San Antonio ranked No. 21. The flex office space listing service evaluated more than 300 U.S. metropolitan areas using...
n aerospace and defense technology company plans to hire hundreds of new employees as part of a headquarters expansion in Bee Cave. CesiumAstro has officially closed on 270,000 square feet of advanced manufacturing space to expand its global headquarters in Central Texas. Full article here: Aerospace company to hire hundreds (512) 853-0110 or robert@AustinTxHomeSales.com If you are...
Base Power, one of Austin’s most valuable startups, plans to create 500 jobs at a new manufacturing facility and is seeking assistance from the city of Austin to do so. The energy company, led by co-founder and CEO Zach Dell, the son of Dell Technologies Inc. founder Michael Dell, plans to invest $265 million in a new 486,000-square-foot manufacturing facility near Austin-Bergstrom International...
An Austin-based artificial intelligence chipmaker has secured $110 million in new funding, thanks in part to backing from Microsoft Corp. Neurophos Inc. said Thursday it plans to expand its North Austin headquarters and hire 80 employees locally. The latest investment brings the company’s total funding to $118 million. Full article here: Austin AI chipmaker to expand, hire locally (512)...
Remote work may no longer dominate the U.S. labor force as it did during the height of the pandemic in 2020, but it still represents a substantial share of employment today. The telework rate, which represents the number of people who teleworked as a percentage of people who were working, was 21.6% in April, and it has consistently ranged between 17.9% and 23.8% between October 2022 and April...
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