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Journal Article
Spotlight: border health care: booming industry creates jobs faster than state
The Texas cities along the Mexican border have sustained relatively strong job growth in recent years. A key factor has been a booming health care industry, driven by rising population and the large share of the population covered by government-sponsored health insurance.
Journal Article
Border benefits from Mexican shoppers
Report
Slow Growth in Texas After Energy and Trade Ebb
The sudden reversal in Texas? economic outlook in 2015 is the focus of five essays in this annual report.
Working Paper
Residual seasonality in U.S. GDP data
Rudebush et al (2015a, b) and the Bureau of Economic Analysis find the presence of residual seasonality in the official estimates of U.S. real gross domestic product (GDP). Directly seasonally adjusting official seasonally adjusted GDP, which we refer to as double seasonal adjustment, could revise the first quarter growth in the past several years upward by an average of about 1.5 percentage points. The presence of residual seasonality can significantly distort current analysis of national and regional economies. In this paper we look more closely at the U.S. GDP data and study the quality of ...
Effects of COVID-19 on Tourism, Energy Weigh on Texas, New Mexico, Louisiana
Economic performance within the individual states of the Eleventh District reflected those states’ underlying relative dependence on the tourism and energy sectors and the effects of restrictions on mobility and engagement during COVID-19.
Trade Relationships Affect U.S. Dollar Appreciation’s Impact Across States
The value of the U.S. dollar against other currencies has appreciated, making most goods produced in the U.S. more expensive overseas during the past year.
Working Paper
A closer look at potential distortions in state RGDP: the case of the Texas energy sector
Surprisingly, from 1997 to 2010 Texas RGDP in oil and gas extraction was strongly negatively correlated with oil prices and with factors of production such as employment and the drilling rig count. It also had a slight negative correlation with physical production of oil and gas. In Texas the oil and gas sector is large and volatile enough to have a significant influence on overall RGDP growth so that when oil prices spike up (down) Texas RGDP generally weakens (strengths), which is in contrast to other indicators such as state job growth and real personal income. In this paper we investigate ...
Journal Article
ADP payroll processing data can provide early look at Texas job growth
A monthly estimate of state job growth prepared by payroll processor ADP is a reliable advance indicator of changes in official employment data released by the Bureau of Labor Statistics. The ADP figures are useful in providing timely analysis of the Texas economy.
Journal Article
Blue-collar outlook not so blue in Texas