And the good news keeps on coming….. Texas unemployment dropped to 7.3 percent in January as employers added a net 67,200 workers to payrolls and capping 21 straight months of job growth. Coupled with the news of a 27% increase of homes sales in DFW in February I am really starting to put some credence into this whole recovering economy thing.
Adding to the good news is that the Texas labor force grew by 15,000 from December to January, a sign that more unemployed workers are re-entering the job market.
Locally the DFW area saw the unemployment rate drop to a rate of 7.4% compared to a rate of 8.3% this time a year ago. This means consumer confidence is starting to return now that we are back in a growing economy. Companies have begun to get out from their shell and are hiring more folks to the workforce daily.