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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.
Spotlight: New Mexico Marijuana Legalization’s Costs, Benefits Remain Unclear
New Mexico legalized recreational marijuana use last year, joining 17 other states. Anticipated benefits and costs partially offset one another, but there is considerable uncertainty around both.
Spotlight: Missteps Along U.S.–Mexico Border Hinder Movement of COVID-19 Biomedical Trade
While most activity in the Paso del Norte region is concentrated in automotive parts and electronic components, a cluster of biomedical manufacturers has emerged in Juárez in recent years.
Texas Economy Retains Strength Despite Weakening Outlooks
Texas’ economic expansion remained solid in May, though the pace of growth decelerated. Employment gains continued to be robust. Manufacturing output growth accelerated, but revenue growth in services slowed.
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.
El Paso Aims to End Brain Drain with Global Manufacturing, Higher-Paying Jobs
Dallas Fed President Lorie K. Logan met with El Paso business and community leaders in mid-October in the second of 12 stops on her 360° in 365 Listening Tour.