Economists find ETX cities continue to outpace national growth - KLTV.com-Tyler, Longview, Jacksonville, Texas | ETX News

Economists find ETX cities continue to outpace national growth

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TYLER, TX (KLTV) -

Economists expect the national unemployment rate to continue a steady decline, with the possibility of it dropping below 7% when December numbers are released on Friday.

That same issue will be one of the main topics of conversation at an economic summit being held Thursday here in East Texas.

Back in 2012, a study conducted by the Perryman Group found East Texas cities continue to outperform the economic landscape nationally.

Specifically boosting East Texas’ economic health were what the report called robust manufacturing, business, healthcare and higher education bases. The group also found that overflow benefits from nearby oil & gas operations contributed to economic stability.

In fact, two East Texas cities make the top 50 when ranked against other small cities across the nation, according to the Milken Institute.

That study ranks small cities on three areas of growth: job, wage and salary, and technology.

Longview has been a top 10 city two years in a row in the group’s study, ranking sixth in 2012 and seventh in 2013.

Tyler also makes the top 50, but slipped from 9th in 2012 to 48th in 2013.

Breaking down the unemployment numbers, East Texas continues to perform well.

At the end of November, the national unemployment rate stood at 7%. But in Tyler, that rate was just 6.1%. Longview data shows even better results: just 5.1% of the population reporting being out of work.

The Perryman Group’s 2012 findings predicted growth across all job sectors in East Texas through the year 2017. The group’s latest results will be announced at the Tyler Economic Development Council’s annual luncheon Thursday morning.

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