Friday, December 27, 2013

DFW Economic Indicators December 2013 via Dallas Fed

The Dallas–Fort Worth economy continued to expand in November and has grown at a moderately strong pace year to date. Through November, Dallas–Fort Worth employment grew 2.6 percent, slightly above the state’s rate of 2.5 percent and well above the U.S. pace of 1.7 percent. Residential activity remains at high levels, and home inventories remain low. Strong leasing activity has kept apartment vacancies at historically low levels despite strong construction. The Dallas and Fort Worth unemployment rates remain below those of the U.S. and Texas, and the Dallas Fed Business-Cycle Indexes suggest continued expansion for the Dallas–Fort Worth metroplex.

Dallas–Fort Worth employment continued to increase in November but at a slower pace. November jobs grew at an annual rate of 1.0 percent following more robust growth in October. For the year, Dallas–Fort Worth has added 73,700 jobs. Currently, Dallas–Fort Worth Worth employment stands at 3.14 million, according to the Bureau of Labor Statistics’ payroll survey.

Read more...DFW Economic Indicators December 2013 via Dallas Fed

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