TEXAS ADDS 133,100 JOBS IN LAST 12 MONTHS

Provided By RECON

Texas' economy gained 133,100 jobs from August 2009 to August 2010, an annual growth rate of 1.3 percent.

During the same period, the U.S. economy added 278,000 jobs, an annual growth rate of 0.2 percent. The state's private sector posted an annual employment growth rate of 1.4 compared with 0.3 percent for the United States.

The state’s seasonally adjusted unemployment rate rose from 8 percent in August 2009 to 8.3 percent in August 2010, while the nation’s rate in August decreased from 9.7 to 9.6 percent.

All Texas industries except the trade, construction and information industries had more jobs in August 2010 than in August last year.

Twenty-four Texas metro areas had positive employment growth rates for the year ending Aug. 31, up from 19 for the period from July 2009 to July 2010. Sherman-Denison ranked first in job creation, followed by San Angelo, Austin-Round Rock-San Marcos, Odessa and Tyler.

The state’s actual unemployment rate in August 2010 was 8.4 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, San Angelo and Abilene.


Are you wanting to relocate to a home closer to your job? Give us a call at 972-772-7000 or email us at rockwall@kw.com.

DFW IN 2010: STRONGER ECONOMY

Provided By Real Estaste Center Online News

Dallas–Fort Worth's economy will strengthen this year.

While sublease space will be the most significant hurdle for top-tier operators, most of the attractive locations should be absorbed by midsummer, said the real estate investment firm.

Among the most significant aspects from the firm's DFW office research report:

• Dallas is expected to lead the nation in job gains during 2010, expecting as much as a 2.3 percent gain;

• office-using employers are projected to add 16,000 jobs, a 2.1 percent boost;

• development will tick down to 1.6 million sf in 2010;

• vacancy is on pace to reach 24.2 percent by year end, up 100 basis points from 2009 and 270 basis points above the ten-year average; and

• rent declines will moderate this year as employment gains traction. Asking rents are forecast to slip 5.2 percent to $18.38 per sf while effective rents retreat 5.6 percent to $14.38 per sf.

Also included in the report is the firm’s annual National Office Index (NOPI), a snapshot analysis that ranks 44 markets based on a series of 12-month forward-looking supply and demand indicators.

DFW moved up three places this year to number 27. Robust employment growth kept Houston at number four, while Austin remained at number 24.

Are you interested in owning or renting a home in one of the strongest economic cities in Texas? Give us a call at 972-772-7000 or send us an email at rockwall@kw.com.