DALLAS/FORT WORTH ECONOMIC OVERVIEW

The May 2015 unemployment rate of 4.3% in the Dallas/Fort Worth area continues to be well below the national average of 5.5%. Dallas/Fort Worth posted a year-over-year June 2015 job gain of 117,800, a 3.6% increase, ranking Dallas/Fort Worth first among the nation’s top 20 employment bases over the same period in terms of absolute and percentage employment gain. According to Moody’s Economy.com, Dallas/Fort Worth is expected to rank first in population and job growth, adding 756,200 people and 438,100 jobs between 2014 and 2019. Dallas/Fort Worth also ranks at or near the top in the United States for business relocations, single-family housing construction, and several other key measures of economic vitality. Additionally, Dallas/Fort Worth is ranked fifth in the ULI Emerging Trends Markets to Watch, a survey that measures long-term sustainability in all United States markets in terms of real estate investment, development, and the local housing market.