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Texas Unemployment Rate is 6.6% – October 2012

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Unemployment rate in Texas is under the nation average at 6.6%.

Per County unemployment rate is going down in Metroplex area (except Dallas):

Collin County:        5.6%

Dallas County:       6.7%

Denton County:     5.5%

The number shows that unemployment rate in Texas in general and especially in counties fromMetroplex area is very close to the normal average unemployment rate in USA (3.5-4.5%). What I am seeing around here is a lot of traffic during rush hours and people working. And from the real estate angle: buyer demand have increased in 2012 while number of homes for sale continue to decrease. This means that home prices will increase very soon in Metroplex area.

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