Monday, June 8, 2020

Dallas-Fort Worth Economic Indicators May 2020 via Dallas Fed

The DFW economy contracted at an unprecedented pace in April due to the ongoing economic distress caused by the COVID-19 pandemic. Payroll employment saw its steepest decline on record, and unemployment spiked to a historical high as business closures led to layoffs spanning most industries. The Dallas and Fort Worth business-cycle indexes—broad measures of economic activity in the metro area—slumped further. Single-family permits fell for the second month in a row, and apartment absorption slowed notably in April relative to year-ago levels.

Read more...Dallas-Fort Worth Economic Indicators May 2020 via Dallas Fed

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