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News

Amazon’s HQ2 Search Is About Politics, Too

April 03, 2018

AE's Economic Impact Study on the Texas Bathroom Bill was cited in this opinion piece for Bloomberg, which discussed how social and political climates could be motivating Amazon's HQ2 search. 

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What Accounts for U.S. Dominance in Aerospace, and Is It Sustainable?

April 02, 2018

AE featured in Expansion Solutions Magazine.

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Blog

Everything You Need to Know About the Yield Curve | Economics | AngelouEconomics

July 13, 2018

Written by Christopher Dang, Economic Development Research Intern | Economics to predict recessions If you were curious to see who you will marry and how your life will turn out, you go and see a fortune teller or a psychic. However, if you were...

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US Jobs Report: June 2018 | | Economic Impact | AngelouEconomics

July 12, 2018

The Bureau of Labor Statistics released US jobs data for June 2018 on July 6. The data on jobs in the United States were mixed and here is the summary of the June 2018 Jobs Report: The majority of the job creations in June 2018 were in high-paying...

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Press Releases

Smart State Index Delivers First Comprehensive Digitalization Assessment

June 30, 2016

States ranked in Smart Energy, Water, Transportation, Education, Health and eGovernment journey. Palm Beach Gardens, FL. Jun 27, 2016 – Angelou Economics and CMG release Smart State Index at Municipal Smart Grid Summit at PGA...

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2016-2017 Economic Forecast With Angelos Angelou And Keynote Speaker John E. Silvia, Chief Economist

July 31, 2015

January 26 at the Long Center FOR IMMEDIATE RELEASE July 29, 2015 (Austin, TX) — Long Center Presents proudly announces the first annual Economic Forecast with local economist Angelos Angelou, and national economist John E. Silvia, Ph.D.,...

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Events

AngelouEconomics 2018-2019 Economic Forecast

May 09, 2018

Interested in the the 2018-2019 AngelouEconomics Economic Forecast?

For the 33rd consecutive year, Angelos Angelou – the Principal Executive Officer at AngelouEconomics, is pleased to present the 2018-2019 Economic Forecast for the Austin and Texas economies!

Want to see where Angelos believes the economy will grow in 2018 and 2019?

You can request to purchase the full AngelouEconomics forecast by emailing info@angeloueconomics.com, which also explores the living wage for a typical Austin household, commercial and residential real estate trends, and the effects of The Tax Cuts and Jobs Act.

 

The Austin Economy

Looking back at last year’s forecast, AE predicted the Austin economy would gain 29,400 jobs. Once again, the economy outperformed our forecast, gaining a total of 32,100 jobs across 2017.

Leading the charge for the economy, were a group of Austin’s typical economic driving sectors, which accounted for nearly 54% of total employment growth in 2017:

  • Professional and Business Services: +7,200 jobs
  • Trade, Transportation, and Utilities: +5,300 jobs
  • Education and Health Services: +4,700 jobs

Looking ahead into 2018, the Austin MSA finds itself in a tight labor market, which is raising wages and making it harder for employers to fill positions. This effect was felt in 2017, as employment growth slowed compared to previous years. 

The Texas Economy 

For Texas, last year’s forecast prediction was just shy of the actual mark of 213,300 jobs created – meaning the Texas economy slightly outperformed AE’s forecast.

In 2017, Texas nonfarm employment grew by 1.8%, which is a boost from 1.2% growth posted in 2016. Similar to Austin, Texas employment growth was driven by three key job creators, which accounted for nearly 53% of total employment growth:

  • Education and Health Services: +41,500 jobs
  • Professional and Business Services: +36,500 jobs
  • Leisure and Hospitality: +34,600 jobs

The statewide economy proved to be resilient in 2017, in part because of a recovering oil and gas sector, and despite the adverse effects of Hurricane Harvey.

 

 

About AngelouEconomics:

AngelouEconomics has worked with numerous professional and business associations in building dozens of unique economic impact studies among other types of projects including site selection projects as well as strategic economic development projects. Some projects have examined the effects of statewide policy measures, such as the Texas Bathroom Bill or ban on Sanctuary Cities. Other projects have measured the contribution of member networks in terms of jobs, wages, and total economic output. Like this study for Prospera, a nonprofit organization which specializes in providing bilingual assistance to Hispanic entrepreneurs in Florida. Economic impact studies are effective tools for quantifying and illustrating the value of individual professional and business associations. They are versatile, as they can illustrate the value or impact of a specific policy or quantify the economic contribution of your members to the local, regional, and nationwide economies.

Want to Learn More?

If you would like to learn more send us an email at info@angeloueconomics.com

TEDC 2016 Winter Conference

January 04, 2016

February 26:  Join Angelos at the TEDC 2016 Winter Conference at Hyatt Lost Pines in Bastrop, TX.  Angelos presentation is titled "Entrepreneurship as an Integral Part of Economic Development." Click here to learn more.