Since hitting its recession low in the third quarter of 2009 output in the Austin area has increased by 17.2% among the highest in the nation. This continued in the last quarter of 2012 when GDP rose 1.2% from the quarter before the highest increase in the nation. A similar pattern was present for employment which has risen 9.6% over the three years since its recession low in the last quarter of 2009. Hiring was up by 1.2% in the most recent quarter — one of the largest increases in the nation. One sector that had considerable hiring was professional and business services which grew employment by 10.3% versus just 2.7% nationwide.
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