The economy? This non-economist says things aren’t so bad.
I will start this blog by saying that I am not an economist. I am not even close. I took as few math and economics classes as possible while getting my degree.
However, I don’t think it takes an economist to see that things are turning around. I am basing this assertion on some actual facts and figures and some not-so-scientific observations. Here they are:
- Admittedly, Elizabeth Christian & Associates Public Relations has been blessed. We have worked hard and have weathered the economic downturn better than many small companies. But in the last month alone we have had more than half-a-dozen new business inquiries from companies in need of public relations and marketing counsel beginning in the first quarter of 2010. These companies are very different from each other. They range in size and are in a range of industries, but they all have one thing in common—they are projecting growth for the coming year. I think that is a sure sign of a brighter 2010.
- An article in today’s Austin American-Statesman says that Austin’s job market is in better shape than other Texas cities. Despite the article’s bleak headline, “Austin job losses continue,” this article has a positive message for Austinites. The point is that “Central Texas had .4 percent fewer jobs in October than a year earlier.” When you compare this with Dallas—down by 2.5 percent—or Houston—down 3 percent—it makes me really glad to call Austin home. It also makes me think that the current state of affairs isn’t that bad and could be worse.
- Another article in this week’s Austin American-Statesman said that home sales this year were up by 38 percent. Again, I’m no expert, but this has got to be a good sign of things to come.
- Finally, the most scientific reason that I give for the economy looking good here in Central Texas can be evidenced this week at a favorite holiday tradition—the Junior League of Austin’s “A Christmas Affair.” I base this opinion on the throngs of women lined up outside of the Palmer Events Center eagerly waiting to get inside to spend money, as well as those inside holding multiple bags of purchases.
