DFW Economic Indicators July 2014 via Dallas Fed

The Dallas–Fort Worth economy has expanded at a strong pace in the first half of 2014 and is outperforming the state as a whole. Year to date, DFW employment has grown 4.5 percent, one percentage point faster than the state’s 3.5 percent pace. Job growth continues to be mostly broad-based across sectors. Activity in the housing sector remains healthy, and home prices continue to rise due to solid demand and low inventories. The Dallas and Fort Worth unemployment rates remain below those of the U.S., and the Dallas Fed business-cycle indexes suggest continued expansion for the Dallas–Fort Worth metroplex.

Dallas–Fort Worth employment grew 3.4 percent in June, adding 8,900 jobs. Job creation in the second quarter outpaced first-quarter growth by a wide margin. DFW employment rose 5.5 percent (42,600 jobs) in the second quarter, compared with 3.4 percent (26,500 jobs) in the first. Most of the increase in the area’s employment has come from rapid growth in the Dallas economy, which has added jobs at a 5.4 percent pace in the first half of the year—faster than any other major metro in the state.

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