Economic Indicators

Unemployment Rates

Source: Texas Workforce Commission; Preliminary values, not seasonally adjusted.
 
June ​2022
June 2023
Yearly Change
City of Dallas
3.9%
4%
0.1%
DFW MSA
3.8%
3.9%
0.1%
Texas
4.2%
4.2%
0%
USA
3.8%
3.8%
0%

City of Dallas Labor Force & Employment (Residents)

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

Civilian Labor Force
Employment
June 2022
718,659
690,459
June 2023
745,704
715,788
Change
27,045
25,329
Percent Change
3.8%
3.7%

City of Dallas Unemployment Rate

Source: Texas Workforce Commission; Preliminary values not seasonally adjusted

  • The preliminary unemployment rates as reported by the Texas Workforce Commission for the City of Dallas for June 2023 increased to 4 percent which is lower than the state rate (4.2%) but slightly higher than the national rate (3.8%)

City of Dallas Household Employment

Source: Texas Workforce Commission; Preliminary values not seasonally adjusted

  • The preliminary June 2023 count of employed Dallas residents as reported by the Texas Workforce Commission grew to 715,788
  • The reported total was an estimated 25,329 person increase from the previous year


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

DFW MSA 2020 GDP All Industry 2021

Source: Bureau of Economic Analysis (BEA), Gross Domestic Product, All Industry totals and Economic Profile for Dallas-Fort Worth-Arlington accessed February 22, 2023

  • The Bureau of Economic Analysis states that the Dallas-Fort Worth- Arlington MSA GDP was $598.3 B in 2021. The MSA GDP accounted for 2.9 percent of the U.S. metropolitan portion total. In 2011, the total GDP of Dallas-Fort Worth-Arlington was $359.3 B and ranked 6th among MSAs. 
  • In 2021, Dallas-Fort Worth-Arlington real GDP grew 6.9 percent; the 2020-2021 U.S. metropolitan portion change was 6.2 percent. The 2011-2021 compound annual growth rate for Dallas-Fort Worth-Arlington real GDP was 3.5 percent; the compound annual growth rate for the U.S. metropolitan portion was 2.2 percent.
  • In 2021, government produced the largest portion of GDP, 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, August 2023; Preliminary values not seasonally adjusted; half year numbers

  • The consumer price index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market base of consumer goods and services

Median Sale Price of Existing Single-Family Homes – Q1 2023


Source: National Association of Realtors, August 2023

  • 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 1.9% from the 1st quarter of 2022 to the 1st quarter of 2023. The over year growth increased 14.5% in 2022, compared to 9.9% nationally
  • For more information go to the "Metropolitan Median Area Prices and Affordability" web page of NAR

FHFA House Price Index – Q1 2023

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 decreased to -0.6 percent during the first quarter of 2023, while over the same period the average home price for the entire U.S. stayed at 0.5 percent. 
  • From the 1st Quarter of 2022 to the 1st quarter of 2023, the U.S. rose to 4.3 percent, while Dallas-Plano-Irving rose to 3.3 percent.