Journal Article

Texas finds cover from U.S. economic storm

Abstract: The 2007 Texas expansion was persistently underrated. While a national economic slowdown attracted headlines, the state's economy quietly grew at a rate that was Texas proud. ; State job growth of 3.1 percent last year was triple the nation's 1 percent - and exceeded the state's long-run average of 2.8 percent for the third year in a row. While declines in homebuilding were sizable, overall construction remained at high levels in Texas. Oil and gas drilling returned to heights not seen since the early 1980s energy boom.

Keywords: Employment - Texas; Economic conditions - Texas; Housing - Prices; Energy industries; economic conditions - United States;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2008

Issue: Jan

Pages: 3-7

Order Number: 1