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Economic Indicators
Unemployment Rates
December 2021 |
December 2022 |
Point Change |
|
---|---|---|---|
City of Dallas |
4% |
3.4% |
-0.6% |
DFWA MSA |
3.6% |
3.2% |
-0.4% |
Texas | 4.2% |
3.6% |
-0.6% |
USA | 3.7% |
3.3% |
-0.4% |
City of Dallas Labor Force & Employment (Residents)
Labor Force |
Employed |
|
---|---|---|
December 2021 |
720,484 |
691,872 |
December 2022 |
735,922 |
711,095 |
Change | 15,483 |
19,223 |
Percent Change |
2.1% |
2.7% |
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 December 2022 decreased to 3.4 percent which is lower than the state rate (3.6%) but slightly higher than the national rate (3.3%)
City of Dallas Household Employment
Source: Texas Workforce Commission; Preliminary values not seasonally adjusted
- The preliminary December 2022 count of employed Dallas residents as reported by the Texas Workforce Commission grew to 711,095
- The reported total was an estimated 19,223 person increase from the previous year
Dallas-Fort Worth MSA 2020 Real Gross Domestic Product (GDP)
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, February 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 gods and services
Median Sale Price of Existing Single-Family Homes – Q4 2022
Source: National Association of Realtors, February 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 7.1% from the 4th quarter of 2021 to the 4th quarter of 2022. 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 2021-4Q
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 third quarter of 2022, while over the same period the average home price for the entire U.S. stayed
- From the 3rd Quarter of 2021 to the 3rd quarter of 2022, the U.S. rose to 12.4 percent, while Dallas-Plano-Irving rose to 17.4 percent.