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Journal Article
WARN layoff notices signal easing Texas labor market
Even with Texas employment growing rapidly and jobless rates remaining low in 2023, mass layoffs may be heading higher, according to notices of pending workforce reductions filed with state officials.
Journal Article
Hotter summer days heat up Texans but chill the state economy
As climate change intensifies over the next decade, summer heat waves will likely become more common and severe. The effect on Texas GDP growth is likely to be twice as pronounced as in the rest of the U.S. Meanwhile, the effect on job growth will likely be relatively subdued but vary widely across sectors.
Journal Article
Industrial building boom is bigger in Texas, signaling growth wave
Texas is undergoing a boom in technology and energy-related construction that follows a pandemic-era warehouse and logistics building surge.
Rising unemployment doesn’t counter signs of strong GDP growth
Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.
Is federal broadband funding going to states that need it most?
In the first of a three-part series on digital inclusion, we discuss the details of recent federal broadband funding and its connection to the level of broadband availability.
Job cyclicality provides timely signals on Texas, U.S. business cycle
The cyclicality of industries and their behavior provide early indications of economic turning points in Texas and the U.S. and provide a timelier view than other data that are widely used to confirm downturns and expansions.
Economic outlook weakens as job growth, inflation slow
The Texas economy is continuing to slow during the fourth quarter, with labor demand and manufacturing output softening and wage and price pressures easing.
Monograph
Texas, Louisiana and New Mexico laying groundwork for greater internet connectivity
This first article in a series on digital inclusion documents the level of digital connectivity in 2022 in the Federal Reserve’s Eleventh District—Texas, northern Louisiana and southern New Mexico.
Funding to address broadband gaps in the Eleventh District
This article examines Infrastructure and Investment Jobs Act funding distribution in Texas, Louisiana and New Mexico.
Texas Economic Outlook Weakens, Price Pressures Persist
The Texas economy shows continuing signs of softening, as output and employment indicators suggest slower growth relative to the first half of the year.