As recently stated in the Austin American Statesman the unemployment rate in our area hit a low spot not seen since 2008: 4.7%. We have the lowest unemployment rate in the state, and I bet it is also true for any major US city. Leading the charge to employment are the fields in professional, technical, and scientific areas. In a different article on a date, the paper reported that 27 new retailers opened in northwest Austin.
It all fits: this is a great area to live in with a good climate, except for summer but that is tolerable. No state income tax, reasonable real estate values, and an educated populace are the main reasons why companies are expanding here, moving here entirely, and why jobs are being created.
This area is a great place to invest in residential real estate while the prices are still low and with great financing still available. Moving here from San Jose California in 1981 after there for most of my live, I experienced the growth of that area. Now I get to do it again; I am twice blessed!