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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.
Pace of Texas Economic Growth Slows as Supply-Chain, Staffing Woes Persist
The Texas economy continued expanding in December and January, though the pace of growth decelerated relative to the overall fourth-quarter pace.
Labor Economy at Greater Risk in Texas than U.S. During COVID-19 Crisis
The coronavirus crisis could more adversely affect the Texas economy than the U.S. economy due to the state’s relatively large share of at-risk jobs, a review of data suggests.
Trade Relationships Affect U.S. Dollar Appreciation’s Impact Across States
The value of the U.S. dollar against other currencies has appreciated, making most goods produced in the U.S. more expensive overseas during the past 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 Jobs Decline at Historic Pace from Impact of COVID-19
The decrease affected all major metro areas, with the steepest drops coming in El Paso, Fort Worth and Austin, followed closely by Houston, San Antonio and Dallas.
Delta Surge Disrupts Texas Firms Less than Earlier COVID-19 Waves, Dallas Fed Surveys Say
The overall impact on business of the summer and fall wave of the COVID-19 virus infection was more muted than initial surges because firms were better prepared and demand didn’t plunge as it did before, according to respondents to the Dallas Fed’s Texas Business Outlook Surveys.
Services, Construction Lead Texas as Manufacturing, Energy Soften
Sluggish growth in manufacturing is attributable to softening demand for durables, which appears tied to a slowing energy sector.
Spanish-Speaking Growth in Texas Reinforces Need to Close Education Gaps
The Eleventh Federal Reserve District has the second-largest native Spanish-language population in the Federal Reserve System. That population will grow further as the number of Hispanics exceeds 20 million in Texas alone by 2050.
Mounting Signs Point to a Texas Economic Slowdown
The most recent jobs report showed state employment was flat in August. The unemployment rate rose slightly to 4.1 percent (from 4.0 percent in July), and labor force and wage growth also eased.