El Paso economy joins big leaguesEl Paso economy joins big leagueshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=180692017-10-17T05:00:00Z2017-10-17T20:30:00Z

​​ENight Cityscape with lights of El Paso, Texas. Photo by BBlanck.L PASO – The latest economic report published by the Dallas Fed shows that the region’s unemployment rate is at 4 percent in August, the lowest level since 1990.

That beats the state and national unemployment rates.

The El Paso metro area added 3,400 jobs through the first eight months of 2017, the gains driven by two sectors: education and health services, and leisure and hospitality.

El Paso’s gross domestic product, which traditionally has grown at a slower rate than other metro areas, surpassed U.S. metro-area growth in 2016, growing 2.2 percent.

Another bright spot: El Paso’s housing market.

Home sales totaled more than 7,600 in August, up 7 percent from a year ago. 

Sales continue to increase and are near all-time highs, according to the Fed.

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