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Texas economy grows modestly; business outlooks brighten
The Texas economy exhibited recent signs of expansion, though job growth has slowed. A measure of economic activity, The Dallas Fed Texas Business Outlook Surveys (TBOS), shows moderate gains in services revenue, a resumption of retail sales increases and stable manufacturing production.
Texas firms use AI with little employment impact so far
Learning how businesses use artificial intelligence (AI) helps policymakers understand changing economic conditions, particularly involving employment and productivity.
Texas posts job gains in August, bolstering outlook despite signs of slowing
The Texas economic expansion continued in August despite some signs of slowing. Employment growth strengthened, rebounding from weakness in the prior two months.
Texas overcomes mid-summer doldrums as economic prospects improve
Economic expansion in Texas accelerated during September and October, pointing toward an improving regional economy after summer weakness.
Texas economy moderates toward more normal growth in 2024
Texas economic growth remains healthy while gradually reverting to a more historically normal pace of expansion following the pandemic when a bust in the first half of 2020 preceded a subsequent boom.
Texas economic activity, job growth weaken as 2023 closes
Texas economic growth slowed in the fourth quarter, with job growth falling sharply in October and business activity contracting slightly in November.
Texas shows signs of slowing; price pressures ease despite buoyant services
Texas job growth slowed in June, though it still exceeded the U.S. rate. Meanwhile, the state economy continued to expand despite the downshift in employment and weakness in manufacturing.
Texas expansion moderates; labor market, price expectations normalize
The housing market slowed, with sales down and inventories rising. Data reflecting strain among small businesses and low- and moderate-income households appeared mixed. Some data point to rising stress, while others suggest resilience.
Service sector leads Texas gains; firms say credit constraints not binding
Texas economic activity expanded at a modest pace in May, driven by the service sector. Texas employment growth picked up, and the unemployment rate nudged up to 4.0 percent in April from 3.9 percent in March.
Slowing Texas economy remains on track for a soft landing
The impact of a still-strong Texas jobs market and moderating business activities and costs suggest that the state’s economy may be headed for a soft landing following Fed policymaker efforts to cool inflationary pressures.