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Federal Aid Helps Border Keep Pace with Texas Economy During Pandemic Turmoil
U.S. pandemic relief policies boosted the border economy, helping it keep pace with state growth. The restoration of trade with Mexico and a surprise migration surge also supported more-recent border economic activity.
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.
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.
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 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.
Global Perspectives: Ursula Burns on Coaching, Diversity and Advancing the Next Generation of Female Leaders
Burns and Dallas Fed President Rob Kaplan discussed her career, the importance of coaches and mentors, the case for quotas and advice for the next generation of female leaders.
Texas Weekly Employment Estimate Provides New, Early Economic Insights
In this environment where economic conditions change very quickly and can reverse with the spread of the virus, tracking the Texas economy requires a timelier indicator than standard quarterly and monthly economic measures.
Texas Economy Building Momentum to Start Year
Growth in the Texas economy picked up at year-end 2019 and accelerated into January and job gains in December were accompanied by service sector growth.
What Can Be Learned from the Persistent Electric Power Outages in Texas?
Texas suffered massive power outages during unusually cold temperatures in February. Millions of households lost access not only to power but also to heat and water for days—a situation that was foreseeable and could have been avoided.
Falling Oil Prices Drag Down U.S. Business Investment
The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers.