The Austin job market is moving. According to a recent report out, the Austin area did see a reduction in the unemployment rates in the month of December. The report, issued by the Texas Workforce Commission, was released on Friday and provides some insight into what is happening throughout the region.

According to the information, the Austin area unemployment rate in December was 6.3 percent. That ist he lowest it has been in the last two years. The state's unemployment rate fell to 7.8 percent as well. That is a drop from 8.1 percent the month before. Read more about December Austin Job Market Report Out

According to some reports, the Austin housing market may be improving. What would this mean to the job market in the city? Finding a job in Austin can be difficult to do, there is no doubt. However, there could be good news in the report that indicates that the market is in fact moving forward. An improvement in the housing market indicates that it is possible that other elements of the economy are improving as well. 

One of the most important factors for a recovery in the Austin area will be job creation. With good jobs comes the ability to purchase homes. So, with the increase in the housing market right now, this could indicate that families are doing better. The housing market in 2011 was a missed bag, though. Home construction is down by 60 percent from the area's peak which occurred in 2006. But, home prices are on the rebound, which indicates sales are picking up and demand is in the market again. Read more about Austin Job Market - What Could a Health Housing Market Mean?

According to the Milken Institute, the Austin metro area is one of the five top performing metro areas in the entire country. The report indicates that the city is fourth when it comes to the best overall performing cities. The city held the number two slot last year.

The report indicates that Austin had the country's 3rd fastest job growth rate between 2005 and 2010. In other words, the area gained the most jobs based on similar cities throughout the nation. Where are the Austin jobs?

In Austin, it is becoming more and more apparent just how bad the economy is becoming and how bad it has already gotten. Just outside of the city center live some of the homeless people in the city who stay and huddle together in an effort to help each other and to demonstrate just how bad it has become. Because they are not allowed to set up tents and in many cases are left wanting for food and shelter they stay as near to the city center as possible.