DFW Economic Indicators August 2015 via Dallas Fed

The Dallas–Fort Worth economy expanded strongly in July. Year to date, the metroplex has created jobs at a 2.4 percent annualized pace, outperforming both the state’s 1.3 percent and the nation’s 1.8 percent rate. Home sales rose at a solid pace in July, and demand for office space remained strong in the second quarter. Unemployment in Dallas and Fort Worth held steady in July. Dallas Fed business-cycle indexes point to continued growth for the metroplex.

DFW employment grew at a rapid clip of 3.7 percent in July, following a 5.6 percent increase in June. DFW employment growth has moderated to a 2.4 percent annualized rate year to date, slower than the brisk 4.1 percent pace seen last year. Currently, area employment stands at 3.39 million, according to the Bureau of Labor Statistics’ payroll survey. Through July, Dallas added 44,000 jobs and Fort Worth gained 3,300.

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