D ECONOMY: ECONOMIC INDICATORS

ANNUAL SUMMARY 2014: UNEMPLOYMENT RATES DECREASE


Source: US Bureau of Labor Statistics; Preliminary values, not seasonally adjusted. 

ANNUAL SUMMARY 2014: CITY OF DALLAS LABOR FORCE AND EMPLOYMENT (PERSONS)


Source: US Bureau of Labor Statistics; Preliminary values, not seasonally adjusted.

2014 ANNUAL C2ER COST OF LIVING INDEX


Source:  Council for Community and Economic Research, 2015. http://www.coli.org/

  • The Council for Community and Economic Research publishes an annual Cost of Living Index to provide an accurate measure to compare cost of living differences among urban areas. Items on which the index is based have been chosen to reflect different categories of consumer expenditures.
  • The Dallas-Fort Worth Metroplex has the lowest cost of living index score of the ten largest metropolitan areas of the United States.

UPDATED FEBRUARY 2015: DALLAS-FORT WORTH CMSA CONSUMER PRICE INDEX

Source: US Bureau of Labor Statistics; Preliminary values not seasonally adjusted.

  • The Consumer Price Index is a weighted average price index for consumer goods and services. Its percentage growth represents inflation.
  • The Dallas-Fort Worth consumer price index declined by 1.05 percent from November 2014 to January 2015.
  • Over the same time period the U.S. consumer price index declined by 1.04 percent.
  • The Dallas-Fort Worth core index (price growth less food and energy) increased 0.27 percent over the two-month time period, while the U.S core index was unchanged.
  • In general, consumer price growth remains muted due to weakness in the global economy. While geopolitical events still pose a threat, inflationary pressures, especially in crude oil, continue to decline.

UPDATED FEBRUARY 2015: PAYCHEX | IHS SMALL BUSINESS JOBS INDEX BY MSA


Source:  Paychex Inc., 2015. http://www.paychex.com/jobs-index/

  • The Paychex | IHS Small Business Jobs Index provides an up-to-date measurement of the change in small business employment over the last 12 months. The index tracks year-over-year worker count changes, trending the results to reveal movement in small business employment. An upward trend represented by a index value greater than 100 indicates a strengthening small business job market, while a downward trend represented by an index value less than 100 represents a slowdown in small business hiring.
  • The data used for this index comes from a selection of 350,000 small businesses with less than 50 employees in the U.S.
  • Dallas has led all indexed metro areas in the nation by this measurement of small business job growth for the last four months.

2014 MEDIAN SALE PRICE OF EXISTING SINGLE-FAMILY HOMES


Source: NAR, 2015. http://www.realtor.org/topics/metropolitan-median-area-prices-and-affordability/data

    • The National Association of Realtors Quarterly Metropolitan Median Area Prices and Affordability Report provides a measure of the median selling prices for existing single-family homes and condos by metropolitan area.
    • The majority of metropolitan areas in the United States experienced stronger price growth in the fourth quarter of 2014, resulting from a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market.
    • Home prices in metropolitan areas throughout the United States continue to show solid price growth, up 25 percent over the past three years on average. The median sales price of existing single-family homes in the Dallas-Fort Worth metropolitan area has increase by an estimated 9.0% over the last 4 quarters.

UPDATED JANUARY 2015: STATE AND LOCAL UNEMPLOYMENT RATES DECREASE

Source: Texas Workforce Commission, US Bureau of Labor Statistics; Preliminary values, not seasonally adjusted. *Largest US cities excluding Dallas are: New York, Los Angeles, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, San Jose, and Jacksonville.

UPDATED JANUARY 2015: CITY OF DALLAS LABOR FORCE (PERSONS)

Source: US Bureau of Labor Statistics; Preliminary values, not seasonally adjusted.

UPDATED JANUARY 2015: CITY OF DALLAS UNEMPLOYMENT RATE

Source: US Bureau of Labor Statistics; Preliminary values, not seasonally adjusted.

      • The preliminary unemployment rate for the City of Dallas for December 2014 decreased by 0.5 percentage points to 4.4 percent.
      • The rate’s change was the result of a decrease in the net number of unemployed with only a slight decrease in the city’s labor force.
      • A preliminary unemployment rate of 4.4 percent is the lowest percentage of unemployment in the City of Dallas since April 2008.

UPDATED JANUARY 2015: CITY OF DALLAS HOUSEHOLD EMPLOYMENT

Source: US Bureau of Labor Statistics; Preliminary values not seasonally adjusted.

      • The preliminary December 2014 count of employed Dallas residents increased by 0.4% to 575,894.
      • This is a 2,272-worker increase from last month’s revised resident employment level of 573,622.

UPDATED NOVEMBER 2014: ECONOMIC GROWTH WIDESPREAD ACROSS METROPOLITAN AREAS IN 2013

Source: US Bureau of Economic Analysis, 2014

      • Real GDP increased in 292 of the nation’s 381 metropolitan areas in 2013.
      • The Dallas-Fort Worth-Arlington MSA ranked 6th in the nation in level of real GDP, with a 2013 growth rate of 2.1%.
      • Sectors contributing most to the 2.1% GDP increase in the Dallas-Fort Worth MSA were trade (0.52%), education and healthcare (0.19%), and information (0.18%).