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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 64.6 percent. Inflation remained resilient and failed to decrease toward the 2 percent target rate.
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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 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.
Border employment grew in 2Q2024 but not enough to prevent an increase in the unemployment rate. Housing sales had a better second quarter this year than last year, and home prices increased in three of the four border metros.
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