Page 100 - CityofSouthlakeFY25AdoptedBudget

Unemployment in Southlake

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City Profile
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Unemployment rate is an important indicator in measuring the health of a local economy. Changes in the
unemployment rate are related to changes in personal income, and are thus a measure of, and an influence
on, the community’s ability to support its business sector. Southlake’s unemployment has historically been
below that of the DFW market and has declined since its peak in 2010. We continue to see that the Southlake
unemployment continues to trend below the state (4.1%) rate.

Year Unemployment Rate Year Unemployment Rate

2010 7.1% 2018 3.3%
2011 6.6% 2019 3.1%
2012 5.7% 2020 5.0%
2013 5.3% 2021 4.1%
2014 4.4% 2022 3.0%
2015 3.6% 2023 3.5%
2016 3.2% 2024* 3.7%
2017 3.4%

100 FY 2025 City of Southlake | Budget Book