DFW Economic Indicators February 2014 via Dallas Fed

The Dallas–Fort Worth economy continues to expand, though 2013 employment growth was revised down. After benchmark revisions, DFW employment grew 2 percent in 2013, half a percentage point below the state’s revised rate but above the U.S. pace of 1.7 percent. The residential housing market continues to tighten, with home inventories still declining and house prices rising. The Dallas and Fort Worth unemployment rates remain below those of the U.S and Texas, and the Dallas Fed business-cycle indexes suggest that the DFW metroplex expanded faster than the state in 2013.

Employment in both Dallas and Fort Worth edged down in December, while growth in the state as a whole picked up. For the fourth quarter, Fort Worth employment grew 3.1 percent and Dallas employment fell 0.5 percent. This compares with Texas’ growth of 2.3 percent in the quarter and U.S. growth of 1.4 percent. For the year, Dallas added 39,200 jobs and Fort Worth gained 23,300.

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