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Texas Economy’s Rebound Stalls in July after Gains in May, June
The resurgence of COVID-19 in July appears to have reversed economic gains in Texas that emerged when the virus’ frequency abated in May and June.
Insights from Dallas Fed Surveys: Uneven Economic Recovery Likely in Texas
The Dallas Fed’s Texas Business Outlook Surveys (TBOS) show that while recovery continued in some sectors in July, it faltered in others as new COVID-19 cases surged across the state.
Potential Mismeasurement of Mining Limits Official Texas Real GDP Data
We show how a new measure tied to oil and gas production provides a result that is more consistent with other assessments of real output in this industry.
Failed Background Check, Drug Testing Stall Hiring of Low-Skilled Workers
Many companies seek to add employees as the state economy continues expanding at an above-average pace. But not all can find the workers they need.
Texas Economy Keeps Growing Despite More Pessimistic Outlook
The regional economy is growing at a moderate pace, and labor markets remain tight. However, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.
Labor Scarcity, Trade Woes Squeeze Texas Business, Survey Finds
Businesses face difficulty both trying to hire in a historically tight labor market and navigating tariffs and trade policy uncertainty.
Texas Economy Grows Rapidly Despite Labor, Supply-Chain Constraints
Regional economic activity accelerated sharply in September and October following a summer and early-fall peak of a COVID-19 wave tied to the Delta variant.
Delta Surge Disrupts Texas Firms Less than Earlier COVID-19 Waves, Dallas Fed Surveys Say
The overall impact on business of the summer and fall wave of the COVID-19 virus infection was more muted than initial surges because firms were better prepared and demand didn’t plunge as it did before, according to respondents to the Dallas Fed’s Texas Business Outlook Surveys.
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.
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.