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Is Lubbock in a Recession?

Lubbock National Bank - Economic Index Report

Lubbock National Bank - Economic Index Report

While the US has been in a recession for quite a while and Texas joining the rest of the states in March, Lubbock has been fairly immune to the economic downturn. However, the latest figures from the Lubbock National Bank – Economic Index Report shows a 5.8% drop from a year ago.

The Lubbock Economic Index fell to 126.4 in August, down from 127.2 in July, and down 5.2% from the August 2008 LEI of 133.3. The Lubbock Economic Index has now declined for 11 consecutive months, and is down some 5.8% from its peak of 134.0 in September of 2008.

Source: News Radio 1420

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2 Comments

  1. It just seems that Lubbock is just building and not restoring the infrastructure. You can only have so many projects going in a town LBK

  2. If we keep donating to this guy he will give all of our tourists a different perception of Lubbock. And as i explain in my blog he is causing an uprising in panhandlers.

    http://beggarsinlubbock.wordpress.com/

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