Lubbock's Economy is Still Going Strong - KCBD NewsChannel 11 Lubbock

1/2/03

Lubbock's Economy is Still Going Strong

Experts in Lubbock say the 2003 economy is looking good. They say the South Plains job market will remain stable. This means the unemployment rate should continue to stay around 3% to 4%. The city's economic success has been attributed in part to Lubbock's large number of individual business owners.

Worksource Executive Director, Mary Ann Rojas says she's optimistic about the future of our economy. She says, "We benefit tremendously from people in outlying areas coming to Lubbock to shop and of course you've heard it said time and time again that this entire area benefits from the services that we offer and that are offered in rural communities too."

Rojas says other Texas cities like Austin and Dallas are not so lucky. Although these cities create 8 out 10 jobs in Texas, their layoff rate is three to four times as fast.

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