Texas economy to ride higher in the saddle in 2011
The Texas economy grew moderately in 2010, outperforming most other states. Jobs increased by 209,000, a growth rate of about 2 percent?near the state?s average pace since 1980. Strength in the high-tech and energy sectors was an important source of Texas? economic might relative to other parts of the country. The state also suffered less from housing price declines. ; Leading indicators, generally positive at the end of 2010, suggest an improving outlook in 2011 as consumers and businesses regain confidence in the economy. The Dallas Fed forecasting model projects Texas job growth of 2.5 ...
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.
New Technology Boosts Texas Firms' Output, Alters Worker Mix
A Federal Reserve Bank of Dallas survey of manufacturing and services firms in Texas found that as companies adopt new technologies, the number of workers is little changed though the employees? skill levels shift. While some manufacturers see tighter margins as a result of technology and globalization, service sector firms may realize increased pricing power.
Texas Economy Soft in January, but Outlook Optimistic for Later in 2021
Regional economic conditions appeared to deteriorate in January after picking up at year-end, data show. Nonetheless, there is optimism regarding the outlook for growth later this year.
Natural gas from shale: Texas revolution goes global
The Texas experiment in extracting natural gas from the Barnett Shale proved the technical feasibility of shale gas development and brought costs within bounds that promise to give shale gas an important role in global energy supplies for decades to come. ; Shale gas cost estimates vary widely, partly because of limited experience in a few basins and partly because the technology is evolving. Prices of competing energy sources at levels seen today will likely stimulate continued rapid development of natural gas from shale. However, additional regulations to protect or conserve groundwater ...
What’s Driving Wide Gap Between Cattle and Beef Prices?
Spotlight: Farm real estate values: Texas holds steady in 2008, bucking U.S. trend
The value of Texas agricultural land has followed national trends since the early 1990s. Last year, however, the state's average price per acre remained unchanged, a sharp contrast to the nation's first decline in 17 years. Texas was one of only eight states that didn't see falling farm values in 2008.
Noteworthy: household income: Texas posts gain in otherwise tough year
Texans' real median household income rose 1.3 percent in 2008, making the state one of only five with increases in the first calendar year of the U.S. recession. During better times, 33 states posted income gains in 2007 and only Michigan suffered a decline.
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.
Noteworthy: Texas exports: NAFTA markets spur trade turnaround
Upturns in the Mexican and Canadian economies, coupled with the dollar's declining value, fed strong Texas export growth in the second half of 2009. The state's real exports increased 15.8 percent from the second to fourth quarter, and the United States' NAFTA partners played a key role.