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Texas Economy Strengthens as Omicron Fades; Costs and Wages Rise Further
The Texas economy, paced by expansion within the service sector, grew strongly in February as the impact of the omicron variant of COVID-19 faded.
Signs of Slowdown Growing in Texas; Price Pressures Ease
The Texas economy continued expanding in June and July, though at a decelerating pace compared with earlier this year.
Supply-Chain Woes, Labor Shortages and COVID-19 Slow Resilient Texas Economy
Regional economic growth has slowed, though it remains robust by historical standards. While demand has improved from year-ago levels, supply-chain disruptions and labor shortages have limited output growth and pushed up wages and prices.
Texas Economy Grows Strongly Despite Mounting Supply-Chain Woes, Worker Shortages
Continued growth in the national economy, strong increases in Texas leading indicators and high oil futures prices suggest continued strong job growth for the remainder of the year and into 2022.
COVID-19 Resurgence Across Texas Depresses Economic Growth
Texas job growth has slowed after new daily COVID-19 cases in the state began surging in mid-October.
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.
Labor Shortages, Supply Chain Woes Slow Texas Recovery
The Texas economy is on the path to a solid recovery, although the pace of growth has eased since March, recent data suggest.
Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19
The economic downturn in Texas has begun, recent data suggest.
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.
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.