Lubbock’s Economic Index continued to grow for the 22nd straight month in November, with a low unemployment rate and a growing housing market shining as the two biggest bright spots in Lubbock’s economy.
According to James Arnold, executive vice president of Lubbock National Bank, the economic index posted a strong monthly increase in November, rising from 138.2 in October to 139. The index was up 6 percent from the November 2012 index of 131.1.
The increase continues a general pattern of expansion in the Lubbock economy that is 27 months in the making.