Economic Indicators

Unemployment Rates

Source: Texas Workforce Commission; Preliminary values, not seasonally adjusted.
 
September ​2022
September 2023
Yearly Change
City of Dallas
3.6%
4%
0.4%
DFW MSA
3.4%
3.9%
0.5%
Texas
3.7%
4.1%
0.4%
USA
3.3%
3.6%
0.3%

City of Dallas Labor Force & Employment (Residents)

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

Civilian Labor Force
Employment
September 2022
722,694
696,646
September 2023
756,847
726,321
Change
34,153
29,645
Percent Change
4.7%
4.3%

City of Dallas Unemployment Rate

COD Unemployment 2023 Rate_11.15.23

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 September 2023 increased to 4 percent which is lower than the state rate (4.1%) but slightly higher than the national rate (3.6%).

City of Dallas Household Employment

COD Household Employment 2023_11.15.23

Source: Texas Workforce Commission; Preliminary values not seasonally adjusted

  • The preliminary September 2023 count of employed Dallas residents as reported by the Texas Workforce Commission grew to 726,321.
  • The reported total was an estimated 29,645 person increase from the previous year.


Dallas-Fort Worth MSA 2022 Real Gross Domestic Product (GDP)

DFW MSA 2022 GDP All Industry

Source: Bureau of Economic Analysis (BEA), Gross Domestic Product, All industry totals and Economic Profile for Dallas-Fort Worth-Arlington; accessed December 18, 2023

  • The Bureau of Economic Analysis states that the Dallas-Fort Worth- Arlington MSA GDP was $688.9 B in 2022. The DFW MSA GDP accounted for 3.0 percent of the total U.S. metropolitan GDP.
  • In 2022, Dallas-Fort Worth-Arlington real GDP grew 5.7 percent; during the same timeframe, the U.S. metropolitan portion change was 2.1 percent.
  • In 2022, government produced the largest portion of GDP, while services-producing industries and goods-producing industries and goods-producing industries produced the second and third largest portion of GDP, respectively.

Dallas-Fort Worth MSA Consumer Price Index

Dallas-Fort Worth MSA Consumer Price Index 2023_11.15.23

Source: US Bureau of Labor Statistics, November 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.
  • The CPI for the DFW area and the United States increased rapidly through 2022, but now has declined. While DFW has generally had a slightly higher CPI than the United States, as of 2023, that gap has disappeared.

Median Sale Price of Existing Single-Family Homes – Q2 2023

Median Sale Price of Exisiting Single Family Homes Q2 2023_11.15.23
Source: National Association of Realtors, November 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 decreased by 4.5% from the 2nd quarter of 2022 to the 2nd quarter of 2023. The year over year growth in median sales price 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

FHFA Housing Price Index DFW Q2 2023_11.15.23

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 fell to 0.6 percent over the past year, while over the same period the average home price for the entire U.S. rose  3.0 percent. 
  • From the 2nd Quarter of 2022 to the 2nd quarter of 2023,  housing  prices for the U.S. rose  1.7 percent, while Dallas-Plano-Irving increased  0.8 percent.