SHERMAN, March 22, 2012 – Workforce Solutions Texoma, Texoma Council of Governments, and Denison Development Alliance announced the release of the inaugural Texoma Regional Economic Dashboard that provides a quick, informed, and consistent economic picture of the area. This inaugural release includes an analysis of the 2011 year and the latest quarter October – December 2011.
“We have looked at over forty data points and gathered all of the historical data available in search of information that is timely and reliable for understanding the current nature of our local economies,” said Katy Cummins of Texoma Council of Governments.
“We have pared down to only the most relevant information. After analyzing the historical data, it appears that our most recent quarter, October 2011- December 2011, was better than the same time in 2010,” said Bob Rhoden of Workforce Solutions Texoma.
After analyzing the historical data, it appears that our most recent quarter, October 2011- December 2011, was better than the same time in 2010.
The Texoma Regional Economic Dashboard is designed to inform public officials, businesses, and job seekers about the economic condition of the Texoma Region defined as Cooke, Fannin, and Grayson Counties. Because no single indicator should be considered a barometer for a regional economy, the dashboard project aligns multiple economic indicators to create a more accurate picture of the overall health of the Regional economy. The indicators come from four board categories: Employment Related Indicators, Public Assistance Indicators, Spending Related Indicators, and Miscellaneous Indicators.
For a more in-depth look at the data and analysis, a copy of the report and the interactive dashboard can be found at www.texomaedd.org.
Based on the data collected, and the analysis of the team, it appears the overall economic health of the Region is better than it was this time last year. This is based on several factors.
Overall, the region is showing improvement in 2011, over 2010.
Based on the data collected, and the analysis of the team, it appears the overall economic health of the Region is better than it was this time last quarter. This is based on several factors.
Overall, the region is showing improvement in 4th Qtr. 2011, over 3rd Qtr. 2011.
The Texoma Regional Economic Dashboard will be released in two formats, a quarterly report that will contain analysis of indicators available on a quarterly basis at minimum, and an annual report that will contain analysis of the quarterly indicators and additional indicators available on an annual basis at minimum.
“As new data about the national and state economies is released, we hope that this report will provide a better understanding of what is happening in the Texoma economy,” said Scott Smathers of the Denison Development Alliance.
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