Economic index numbers for November released - KCBD NewsChannel 11 Lubbock

12/29/09

Economic index numbers for November released

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LUBBOCK, TX (KCBD) - Good news and bad news for the Lubbock economy. Lubbock National Bank with the Lubbock Economic Development Alliance released the economic index numbers for November. 

For the first time in over a year, the number stayed the same - no incline or decline. That's good news. But the bad news is local economists say it's too early to say that Lubbock is out of a recession, because consumer spending and the unemployment rate are still not where they should be.

They say the unchanging index number can almost totally be attributed to the housing sector.

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