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Good Economic News for North Texas

Something to be Thankful For…

The country might be in a recession, but we’re not! Or at least fairing much better…read on…

Here’s a direct quote from the U..S. Bureau of Labor Statistics (BLS):

“The largest over-the-month gains in the level of employment occurred in Texas (+23,000)”.  That’s for one month, October 2008.  Annualized, that comes to 276,000.  DFW, larger than the Greater Houston/  Galveston area,  should receive the bulk of that. The unemployment rate in the U.S. is 6.5%; here it is 5.6%. To compare, in October 2003, DFW unemployment was 6.2%, according the BLS.We are projected to continue this growth pattern.”

We appear to be one of the healthiest economies in the country.

This was sent out by our broker, quite contrary to what you hear on main stream media.

Have a great Thanksgiving and enjoy family and friends!