According to the Dallas Federal Reserve October was a pretty good month for the Texas economy and at least a decent month for the Dallas and Fort Worth area economies. As a while the state added a total of 12,400 jobs in the teeth of lingering hurricane related problems. That represents a 2% annual growth rate.

Houston was again the star as it added 2200 October jobs with a year to date gain of 35,400. This compares to a Dallas expansion of 1400 jobs and a year to date total of 17,000 jobs. However, if you add Fort Worth-Arlington’s 1800 monthly gain and 15,000 year-to-date gains the North Texas Economy added 3200 jobs last month and boasts 32,000 year-to-date. In overall population Houston and North Texas are comparable. Austin’s growth slowed a bit but still added 1400 jobs from its much lower population base and unlike Dallas saw an increase in tech related hiring.

Overall even with some hurricane related slowing the Texas economy’s growth continues at a robust rate. However, the Dallas area is now the state’s laggard economy with Austin having pulled ahead of Dallas in overall economic growth.

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