Healthy Job Creation Continues in DFW

The Federal Reserve Bank of Dallas’ Dallas-Fort Worth Economic Indicators report showed that employment throughout the North Texas region expanded by 2.4% in 2017, the second-fastest rate among Texas’ large metro areas. Noted Fed analysts: “Continued healthy job creation has been the driver for the DFW office and industrial markets.”

Meanwhile, unemployment in January 2018 edged up to 3.5% in Dallas and 3.7% in Fort Worth, but remained below January 2017 levels and close to its historic lows. These numbers helped the Dallas Business-Cycle Index increase by an annualized 4.1% in January. Leasing activity in both the office and industrial markets continue strong as well, due to demand.

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