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Friday, June 21, 2013

DFW Ranks Third in Index of Economic Vitality

Photo credit: Dallas Business Journal
Dallas-Fort Worth is experiencing good time economically, according to the latest On Numbers Economic Index which ranked DFW as the third most-vital of the nation's 102 major metropolitan areas.

On Numbers, a feature of American City Business Journals, ranked Austin at No. 1 and Provo, Utah, as No. 2 in the Index. Oklahoma City trailed DFW in the fourth position.

According to On Numbers, DFW got its high ranking because of a mixture of positive indicators. DFW is one of the four markets with jobless rates of 6 percent or less and employment has risen more than 2 percent in the past year, On Numbers said. Home values have increased since 2008 in the area.

On Numbers based its index on an 18-part formula that looks a private sector job growth, unemployment, personal earning, construction and retail activity and housing-price appreciation.

You can read the entire On Numbers National report here.

Article credit: Lance Murray, Dallas Business Journal