El Paso: Employment down, housing heats upEl Paso: Employment down, housing heats uphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=217382019-01-10T06:00:00Z2019-01-11T00:40:00Z

​​EL PASO – The regional economy in November 2018 was marked by a decline in payrolls, but continued decent year-to-date employment growth. 

Furthermore, the housing market is still humming along, according to data from​​ the Federal Rese​​​rve Bank of Dallas.

Payrolls dropped at an annualized rate of 4.1 percent, though expanded at a 1.4 percent annualized rate on a year-to-date basis. Unemployment was 4.1 percent, unchanged from October 2018. 

El Paso Employment Growth by Sector

In housing, annualized sales totaled 8,578, a 7.3 percent increase from the year before. 

The median price of $154,007 was 0.6 percent higher than what was reported in November 2017.

Dallas Fed analysts added that existing-home inventories in November were 4.1 months, well below the six months of supply that signify a balanced market.​
Connect Media
El Paso
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