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.
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 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.
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 Economy Rebounds from Year-End Slowdown, Grows at Moderate Pace
Texas economic activity expanded moderately in the first quarter after downshifting markedly in November and December.
Texas Economy Strongly Expands Despite Supply-Chain Disruptions, Hiring Challenges
There has been strong upward pressure on prices and wages, though there were some signs of abatement in July. The hot housing market continued to push up apartment rents, housing prices and construction.
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 Economy Improves Despite Lagging Sectors as COVID-19 Cases Decline
Continued growth is projected for the rest of the year, but it may be somewhat restrained by the expiration of federal stimulus programs and election uncertainty.
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.
Trade Tensions Cloud Outlook as Texas Experiences Moderate Growth
The region’s moderate expansion continues, despite a weakening outlook. Job gains were solid in May, with most industries and major metros adding to payrolls, and labor markets remaining historically tight.