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Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19
The economic downturn in Texas has begun, recent data suggest.
Texas Weekly Employment Estimate Provides New, Early Economic Insights
In this environment where economic conditions change very quickly and can reverse with the spread of the virus, tracking the Texas economy requires a timelier indicator than standard quarterly and monthly economic measures.
Go Figure: Migrant Apprehensions at U.S.–Mexico Border Spike in 2019
Apprehensions of migrants at the U.S. southern border surged in spring 2019.
Snapshot: Texas Employment Estimate Debuts
The Federal Reserve Bank of Dallas’ new Texas Weekly Employment Estimate (TWEE) is a timely tool to monitor evolving economic conditions while awaiting release of the U.S. Bureau of Labor Statistics’ establishment survey of employment.
Auto Industry on Road to Recovery from Pandemic
After a series of disruptions in March and April that coincided with the widespread outbreak in the U.S., the auto industry has entered a recovery period, though its path forward remains uncertain.
Texas Rebound Likely Slowed by Renewed COVID-19 Impact on Services, Retail
Indicative of slowing job expansion, the Texas unemployment rate rose to 8.3 percent in September from 6.8 percent in August and exceeded the national rate (7.9 percent) for the first time since March.
Go Figure: Loan Delinquencies Start to Climb After Falling with Stimulus and Relief
COVID-19 stimulus and loan relief helped Texas borrowers avoid falling behind on loan payments in 2020's second quarter.
Texas Economy Still Growing, Though Pace Slows
The regional economy is growing at a slower pace than in recent months, with Texas labor markets remaining tight. Energy activity has declined, and export growth has slowed this year.