Page 116 - CityofSouthlakeFY27Budget

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UNEMPLOYMENT IN SOUTHLAKE
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 from its peak in 2011 (6.6%). We
continue to see that the Southlake unemployment continues to trend below the state (4.4%) rate.

City Profile
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*Calendar year shown as year to date

Year Unemployment Rate Year Unemployment Rate
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 4.0%
2017 3.4% 2025 3.9%
2018 3.3% 2026* 4.3%

116 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 117