Insights from Dallas Fed Surveys: Uneven Economic Recovery Likely in Texas
The Dallas Fed’s Texas Business Outlook Surveys (TBOS) show that while recovery continued in some sectors in July, it faltered in others as new COVID-19 cases surged across the state.
Dallas Fed’s Texas Jobs Estimates Provide Early, Accurate Assessment
The Bureau of Labor Statistics annually revises regional job estimates in a process called benchmarking. A Federal Reserve Bank of Dallas adjustment provides researchers a more current means of assessing Texas economic conditions.
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 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 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.
Not Everything Is Bigger in Texas: The Varied Fortunes of Four Smaller Metros
While Texas’ major metropolitan areas power the bulk of the state’s commercial activity, some smaller metros have worked to establish their place as part of the state’s economic mosaic.
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.
Anticipated Federal Restrictions Would Slow Permian Basin Production
Possible changes to leasing and permitting requirements governing federal lands could move oil production, prompting a realignment of Permian Basin activity between Texas and New Mexico.
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.