Central Austin Edition - January 2020

VOLUME XX, ISSUE XX  XXXXXXXXXX, 2020 2020 ANNUAL COMMUNITYGUIDE CENTRAL AUSTIN EDITION TOP STORY TO WATCH IN 2020

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ONLINE AT

VOLUME 12, ISSUE 3  JAN. 30FEB. 27, 2020

DINING LISTINGS COMMUNITY INFO

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INSIDE

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Transformational Decision Transportation

TRANSPORTATION

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Whether bus or rail, Austin voters will likely have a multibillion-dollar decision in front of them in November to fund expansion of the city's public transit.

VS.

BOND 2020 Transit

BUS SYSTEM

LIGHTRAIL SYSTEM

Cost

$3.2B-$5.5B

$5.9B-$10.3B

EDUCATION

30

Predicted ridership by 2040

247K-258K average weekday rides

277K-299K average weekday rides

COMMUNITY GUIDE SPONSOREDBY • Austin Water • Celebration Church • Circuit of The Americas

In March, Capital Metro will recommend a specic proposal for transportation improvements.

SOURCE: CAPITAL METROCOMMUNITY IMPACT NEWSPAPER

Local businesses big and small cope with tight labor market Is a good economy good for everyone?

TIGHTENS LOCAL LABOR MARKET From January to November 2019, the number of people working in Austin grew faster than the labor force—the number of people able to work. That led to historically low unemployment.

BY JACK FLAGLER AND EMMA FREER

Sury said a potential tick up in unemploy- ment in 2020 is more of a course correction than reason for concern. “What we’re talking about is a slowing in the rate of change of growth, not an actual recession in the economy,” he said. While the challenges are the same—rising rents and diculty hiring—the economy has aected local small businesses dierently than it has impacted large ones. CONTINUED ON 40

The Austin economy has been on a sus- tained hot streak, but economists say it may cool o in 2020. According to data from the Texas Workforce Commission, unemployment in Austin dipped below 3% in January 2019 and has stayed there since. Michael Sury, a nance lecturer at The University of Texas McCombs School of Busi- ness, said that tight market means businesses are not able to hire workers and expand.

+2.34% .

Labor force r f r

+3.15% +3.15% Employment l

SOURCE: TEXAS WORKFORCE COMMISSIONCOMMUNITY IMPACT NEWSPAPER

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