Lubbock Economic Index posts 6th straight monthly increase - KCBD NewsChannel 11 Lubbock

Lubbock Economic Index posts 6th straight monthly increase

Lubbock National Bank released the City's consumer price and economic index numbers Wednesday. The Lubbock Economic Index posted it's 6th straight monthly increase, driven largely by an increase in consumer spending.

Compared to this time last year, the index shows an increase of 4.6 %. That's just five percentage points away from Lubbock's all time high back in September of 2008.

Employment numbers also continue to improve year over year. In July, Lubbock had at 6.5% unemployment rate compared to 7.1% in July 2011. 

Copyright 2012 KCBD. All rights reserved.

 

Powered by Frankly