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The second quarter wrapped up with a drastic spike in local unemployment going from 3.1% at the end of 2019 to 12.3% as of May. Since May, initial payroll numbers have rebounded some, but overall employment has stayed significantly below levels seen in February, before shelter-at-home measures took effect.

With Covid-19 wreaking havoc on the economy, we do have some upside in Dallas-Fort Worth with the region’s lower costs of living and tax advantages still expected to attract business from other parts of the country.