LUBBOCK, TX (KCBD) – On Wednesday, Lubbock National Bank released the latest economic index. Lubbock added about 1100 jobs in 2010, still unemployment in December reached 5.8%. That's the highest Lubbock has reached in 20 years, but the unemployment rate still rates the third lowest in Texas.
A bright spot in Lubbock's economy, home prices were up when compared to 2009. Looking ahead to 2011, James Arnold with Lubbock National Bank says there are some concerns due to the number of government jobs in Lubbock and cuts being proposed in Austin.
"There's cause for pause, I guess, in terms of our optimism, because we just don't know what's going to happen down there as it relates to these potential job cuts and some of these reductions on the south plains with these government agencies. "says, James Arnold of Lubbock National Bank.
A check of the Lubbock consumer price index showed inflation in Lubbock remained in check last year.
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