Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19
The economic downturn in Texas has begun, recent data suggest.
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.
Labor Economy at Greater Risk in Texas than U.S. During COVID-19 Crisis
The coronavirus crisis could more adversely affect the Texas economy than the U.S. economy due to the state’s relatively large share of at-risk jobs, a review of data suggests.
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.
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.
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.
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.
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 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.
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.