达拉斯联储更新埃尔帕索经济指标：就业收缩，工资同比上涨
El Paso Economic Indicators
达拉斯联储发布的埃尔帕索经济指标显示，8月至11月就业年化下降0.9%，失业率从9月的4.7%降至11月的4.6%。11月平均时薪为24.89美元，同比上涨8.5%；房价同比下跌2.4%，库存为4.1个月，高于上年同期的3.7个月。
January 16, 2026
| El Paso economy dashboard (November 2025) | |||
| Job growth (annualized) Aug.–Nov. '25 |
Unemployment rate |
Avg. hourly earnings |
Avg. hourly earnings growth y/y |
| -0.9% | 4.6% | $24.89 | 8.5% |
Employment in El Paso contracted in November, and the unemployment rate ticked down. Year over year, wages increased while home prices fell and inventories rose.
Labor market
Employment falls
Payroll employment in El Paso decreased an annualized 0.9 percent (-820 jobs) from August through November (Chart 1). The largest declines were in professional and business services (-670 jobs) and leisure and hospitality (-530 jobs). The sectors with the largest gains were education and health services (400 jobs) and government (300 jobs). Year to date, payroll employment in El Paso has grown slightly.
Unemployment ticks down
El Paso’s unemployment rate ticked down in November to 4.6 percent from 4.7 percent in September (Chart 2). El Paso’s jobless rate is above that of both the state and the nation.
Wages increase
El Paso’s average hourly wages were $24.89 in November, an 8.5 percent increase from November 2024 (Chart 3). The state and nation also recorded year-over-year wage growth, with wages rising 5.1 percent in Texas and 3.6 percent in the U.S. in November. The nation also increased 3.8 percent in December. Average hourly wages in November were $35.27 in Texas and $36.90 in the U.S.
Housing
El Paso’s median home price declined 0.7 percent in November to $266,292 (Chart 4). Year over year, home prices fell 2.4 percent in the metro area and 3.4 percent in the state. El Paso inventories remained at 4.1 months in November, remaining below the six months that is generally considered a balanced housing market. Even so, home inventory levels in El Paso have increased from 3.7 months in November 2024. The state’s home inventories have also increased year over year, climbing from 4.4 months in November 2024 to 5.1 months in November 2025.
Notes
Data may not match previously published numbers due to revisions. The El Paso metropolitan statistical area includes El Paso and Hudspeth counties.
NOTE: Data may not match previously published numbers due to revisions.
About El Paso Economic Indicators
Questions or suggestions can be addressed to Isabel Brizuela. El Paso Economic Indicators is published quarterly.
来源：达拉斯联储 · 经济更新 · dallasfed.org