Recent Economic Indicators

Labor Market and Career Information (LMCI)

LMCI is a department of the Texas Workforce Commission within the External Relations Division.  Their mission is to improve the way Texans make career and educational decisions by providing useful and reliable information about careers, educational training options and jobs.

Lubbock MSA Report

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Lubbock 2016 INSIGHT Market Trends

Provided by Coldwell Banker Commercial, the 2016 INSIGHT Market Trends includes market data on six Lubbock commercial real estate markets: retail, office, industrial, apartments, student housing and land development. Read the report here.

South Plains Workforce Development Area

The South Plains Workforce Development Area is the 15 county workforce development area created by the state of Texas, which includes the following counties: Bailey, Cochran, Crosby, Dickens, Floyd, Garza, Hale, Hockley, King, Lamb, Lubbock, Lynn, Motley, Terry & Yoakum.

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Lubbock’s retail “catchment” area is extensive. The Lubbock MSA is the largest urban area in Texas between Dallas/Fort Worth and El Paso. Moreover, it is the third largest MSA in the United States between the cities lining I-35 in the east and those lining the front range of the Rockies to the west. Within this vast region of the Great Plains, only Omaha and Lincoln (both in Nebraska) have larger populations. As a result of Lubbock’s position, it is the main urban center for a large rural population, and in this capacity, it draws a much larger share of its sales tax base from actual retail sales than the statewide average.

Download the complete graph.

Smith Travel Research (STR) Report

STR and STR Global track supply and demand data for the hotel industry and provide valuable market share analysis for all major international hotel chains and brands.

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The Lubbock MSA’s hotel room revenues stalled briefly during the recession but avoided a major dive (as was seen in much of the U.S.). The region’s hotel revenues have since resumed an upward trajectory in line with pre-recession growth levels.

Occupancy rates in the Lubbock MSA outperformed the statewide average by a wide margin a decade ago, but the local rate has since realligned more closely with the statewide average. During the recent post-recession recovery, both the state and local rates have been closely synchronized.

Download the complete graph.

Title One Report

This yearly report is a compressive compilation of the County’s activities with state and national comparisons.

2014 Title One Report
2013 Title One Report
2012 Title One Report