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Like last quarter, border employment grew in 3Q2024but not enough to prevent an increase in the unemployment rate. Housing sales had a worse second quarter this year than last year, and home prices increased in two of the four border metros.
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Daily commutes are a necessary evil for many Texans in urban areas. Who knew they can serve as a bellwether of a region’s economic growth? Austin served as a recent case study.
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Texas total nonfarm employment dipped in October after two months of growth. Despite the loss of jobs, the unemployment rate held steady at 4.1 percent and the labor force participation rate climbed to 64.6 percent. Inflation remained resilient and failed to decrease toward the 2 percent target rate.
The third quarter ended with an increase inhome sales. Pending sales had a stronger increase,which could mean another positive month in October. Home prices increased slightly, and new listings decreased after stronger growth earlier in the year.
Like last quarter, border employment grew in 3Q2024but not enough to prevent an increase in the unemployment rate. Housing sales had a worse second quarter this year than last year, and home prices increased in two of the four border metros.
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