Economic Indicators

Unemployment Rates

Source: Texas Workforce Commission; Preliminary values, not seasonally adjusted.
 
December
​2020
December
2021
Point Change
City of Dallas
6.8%
4.0%
-2.8
DFW MSA
6.0
3.6
-2.4
Texas
6.7
4.3
-2.4
USA
6.5
3.7
-2.8

City of Dallas Labor Force & Employment (Residents)

Source: Texas Workforce Commission; Preliminary values, not seasonally adjusted.

Labor Force
Employed
December 2020
703,517
655,483
December 2021
720,484
691,872
Change
16,967
36,389
Percent Change
2.4
5.6

City of Dallas Unemployment Rate ​

Source: Texas Workforce Commission; Preliminary values not seasonally adjusted
  • The preliminary unemployment rate as reported by the Texas Workforce Commission for the City of Dallas for April 2022 decreased  to 3.4 percent, which is lower than the state rate (3.7%) but slightly higher than the national rate (3.3%). 
  • The City's unemployment rate continues to decline from its high in April and May of 2020, when it was at 13% and 12.8% respectively.


City of Dallas Household Employment


Source: Texas Workforce Commission; Preliminary values not seasonally adjusted
  • The preliminary April 2022 count of employed Dallas residents as reported by the Texas Workforce Commission grew slightly to 692,825 (0.25 percent growth).
  • The reported total was an estimated 1,694-person increase from the previous month's revised household employment level of 691,131.
  • There has been a gain of 128,976 employed residents since the Covid-19 drop in April 2020.

Dallas-Fort Worth MSA 2020 Real Gross Domestic Product (GDP)

Map of Gross Domestic Product by Metropolitan Statistical Area for 2020

Source: Bureau of Economic Analysis (BEA), Gross Domestic Product, All industry totals and Economic Profile for Dallas-Fort Worth-Arlington; accessed February 25, 2022

  • The Bureau of Economic Analysis states that the Dallas-Fort Worth MSA GDP was $534.8 B in 2020. This is the highest  MSA GDP in the state of Texas, and sixth highest in the nation. The MSA GDP accounted for 2.8 percent of the U.S. metropolitan portion total. In 2010, the total GDP of Dallas-Fort Worth-Arlington was $340.1 B and ranked 7th among MSAs. 
  • In 2020, Dallas-Fort Worth-Arlington real GDP fell 2.2 percent; the 2019-2020 U.S. metropolitan portion change was -3.5 percent. The 2010-2020 compound annual growth rate for Dallas-Fort Worth-Arlington real GDP was 3.1 percent; the compound annual growth rate for the U.S. metropolitan portion was 1.6 percent.
  • In 2020, government produced the largest portion of GDP in DFW, while services-producing industries and goods-producing industries produced the second and third largest portion of GDP, respectively.

Dallas-Fort Worth MSA Consumer Price Index

Source: US Bureau of Labor Statistics, March 2022; Preliminary values not seasonally adjusted; half year numbers
  • The Consumer Price Index is a weighted average price index for consumer goods and services. The Bureau of Labor Statistics publishes a consumer price index for the Dallas-Fort Worth MSA bi-monthly. Percentage change from the previously published index value is a representation of inflation over the past six-month period

Median Sale Price of Existing Single-Family Homes - Q4 2021


Source: National Association of Realtors, March 22.
  • The National Association of Realtors (NAR) 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.
  • Median sales prices in the Dallas-Fort Worth metropolitan area increased by 1.4% during the fourth quarter of 2021. The year over year growth increased 17.9 percent in 2021, compared to 14.6% nationally.
  • For more information go to the "Metropolitan Median Area Prices and Affordability" web page of NAR.
  • The Council for Community and Economic Research publishes a quarterly 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 index remains near the national average of 100 (Dallas = 102.0).

FHFA House Price Index 2021-4Q 
Data from the FHFA Housing Price Index DFW 4Q21 showing housing pricing increasing in the DFW metro

Source: Federal Housing Finance Agency,
 https://www.fhfa.gov/DataTools/Tools/Pages/FHFA-HPI-Top-100-Metro-Area-Rankings.aspx

  • The Federal Housing Finance Agency House Price Index is calculated using home sales price information gathered from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.
  • Home prices (non-seasonally adjusted) in the Dallas-Plano-Irving Metropolitan Division increased 4.3 percent during the fourth quarter of 2021, while over the same period the average home price for the entire U.S. rose 3.3 percent. 
  • For the year (Q4 2020 to Q4 2021, the U.S. rose 17 percent, while Dallas-Plano-Irving rose 21 percent over the same timeframe.