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Journal Article
Go Figure: If Texas were a country…
Texas is comparable to entire countries—and so are some of its urban areas.
Journal Article
New disruption from artificial intelligence exposes high-skilled workers
With workers still grappling with the consequences of automation, the lightning-speed pace of artificial intelligence (AI) development poses fresh concerns of a new wave of worker displacement.
Texas economic growth outpaces nation despite persistent downside risks
Texas employment growth advanced in May, continuing to surpass the national average.
Texas modestly grows with soft landing likely
Texas firms reported below-average output growth to start 2023, while employment and wage gains remained elevated despite indications of a softening labor market.
Journal Article
Strong U.S. labor market drives record remittances to Mexico
Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.
Journal Article
Hang your hat in Texas: State remains a leader in firm relocations
Recently released data through 2019 show Texas remains a juggernaut, a leader for business relocations. And while figures covering the subsequent pandemic era and beyond are incomplete, anecdotal evidence suggests Texas remains a go-to spot.
Texas economy moderates toward more normal growth in 2024
Texas economic growth remains healthy while gradually reverting to a more historically normal pace of expansion following the pandemic when a bust in the first half of 2020 preceded a subsequent boom.
Journal Article
Around the region: Texas metro unemployment rates drop but remain above early 2020 levels
Unemployment rates across Texas metros have come down quickly since the pandemic recession of 2020, though they remain above preoutbreak levels.
Recent growth of professional services jobs favors select Texas counties
Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
Slowing Texas economy remains on track for a soft landing
The impact of a still-strong Texas jobs market and moderating business activities and costs suggest that the state’s economy may be headed for a soft landing following Fed policymaker efforts to cool inflationary pressures.