Texas Economy Still Growing, Though Pace Slows
The regional economy is growing at a slower pace than in recent months, with Texas labor markets remaining tight. Energy activity has declined, and export growth has slowed this year.
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.
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.
Texas Rebound Likely Slowed by Renewed COVID-19 Impact on Services, Retail
Indicative of slowing job expansion, the Texas unemployment rate rose to 8.3 percent in September from 6.8 percent in August and exceeded the national rate (7.9 percent) for the first time since March.
Texas Economic Activity Stabilizes, but Slower Job Growth Is Ahead
Output growth in Texas has stabilized after a relatively robust 2018. However, a tight labor market, slowing energy activity and weakening global demand will restrain Texas growth during 2019, an assessment consistent with the Dallas Fed’s outlook for the year.
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.
Texas Economic Conditions Improve as Price Pressures Build
Economic conditions in Texas have improved, with the Texas Business Outlook Surveys in February showing a pickup in growth after a deceleration in January.
Texas Economy Keeps Growing Despite More Pessimistic Outlook
The regional economy is growing at a moderate pace, and labor markets remain tight. However, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.
Texas Economy Picks Up in October; Data Revisions Show Weaker 2019 Growth
Texas job growth picked up in October, although the energy sector continued to slip and manufacturing activity weakened.
Texas Economic Activity Sharply Falls in Wake of COVID-19
Virus containment measures have prompted unprecedented declines in demand and triggered mass layoffs, shaking business and consumer confidence.