El Paso County’s unemployment rate remained at 3.7 percent in December, which continued to be below Texas and national unemployment rates, according to data released Friday. El Paso’s unemployment rate dropped to a historic low 3.3 percent in October, adjusted down from the previously reported 3.4 percent rate, according to the Federal Reserve Bank of Dallas. It was at 3.7 percent in November. Read More at: http://www.elpasotimes.com/story/money/business/2018/01/22/unemployment-rate-jobs-el-paso-texas/1049496001/
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Housing affordability is broadly defined as the ability of a household (or family) earning the median income to qualify for the median-priced home. The fundamental determinants—home price and household income—have diverged since the recovery from the Great Recession, causing national and statewide declines in housing affordability. The Real Estate Center’s Housing Affordability Index employs median family income relative to the median home price. Another measure of affordability, the Texas Affordability Pyramid (the pyramid), estimates the number of households that can afford to purchase a home at specific price intervals based on household income. Read More at: https://assets.recenter.tamu.edu/Documents/Articles/2188.pdf Gaines, James P, and
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El Paso economic growth to slow in 2018, UTEP forecasts El Paso’s economy is expected to chug along in 2018 at a slightly slower pace than in 2017, and slower than growth projections for the United States economy, according to University of Texas at El Paso economists. El Paso’s job growth is expected to continue at a healthy, but slightly slower rate in 2018, and unemployment is projected to remain low as it did in 2017, according to the recently released “Borderplex Economic Outlook to 2019.” Read More: www.elpasotimes.com/story/news/2018/01/08/el-paso-economy-employment-forecast-utep-economists/998433001/ Kolenc, Vic. “El Paso Economic Growth Set to Slow.” El Paso Times,
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