Texas facing economic headwinds in 2015
Texas job growth is likely to slow in 2015 from last year?s rapid pace as the state economy absorbs the impact of collapsing energy prices that have curtailed oil patch activity.
Texas Economy Starts 2018 Firing on All Cylinders
Aided by the oil and gas sector?s recovery, the Texas economy rebounded in 2017 and is poised to expand at a faster pace in 2018. However, tight labor markets, disruptions to trade, and potential oil price declines pose risks to the outlook.
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.
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.
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.
Go Figure: Vehicle Sales Highlight Surprising Resilience in Spending During Pandemic
Texas truck/SUV sales held steady while car sales declined steeply amid the recession caused by COVID-19.
Texas Economy Mends in Fits and Starts from Pandemic’s Onslaught
A resurgent COVID-19 outbreak in Texas has stymied a state economic recovery, according to the Texas Business Outlook Surveys and high-frequency data that document activity on a more granular level.
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: income, agriculture, health care
Spotlight: Wind and Solar Power: Perfect When Paired in Texas
As wind and solar power generation becomes more competitive economically relative to conventional coal and natural gas generation, states will likely increase their dependence on such renewable sources.