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Keywords:economic surveys 

Wage growth still exceeds 3 percent despite slowing in business survey measures

Fed policymakers working to reduce inflation have closely monitored how fast wages have risen. National estimates put recent 12-month wage inflation at around 4–5 percent, though these measures can lag other indicators of labor market conditions. More timely wage data can be found from the five regional Federal Reserve Banks that run business surveys.
Dallas Fed Economics

Texas shows signs of slowing; price pressures ease despite buoyant services

Texas job growth slowed in June, though it still exceeded the U.S. rate. Meanwhile, the state economy continued to expand despite the downshift in employment and weakness in manufacturing.
Dallas Fed Economics

Texas posts job gains in August, bolstering outlook despite signs of slowing

The Texas economic expansion continued in August despite some signs of slowing. Employment growth strengthened, rebounding from weakness in the prior two months.
Dallas Fed Economics

Slowing Texas economy remains on track for a soft landing

The impact of a still-strong Texas jobs market and moderating business activities and costs suggest that the state’s economy may be headed for a soft landing following Fed policymaker efforts to cool inflationary pressures.
Dallas Fed Economics

Texas economic activity strengthens despite slowing job growth, greater price resistance

Texas employment growth slowed even as overall activity strengthened in August and September. Resistance to price increases rose.
Dallas Fed Economics

Texas economy grows modestly; business outlooks brighten

The Texas economy exhibited recent signs of expansion, though job growth has slowed. A measure of economic activity, The Dallas Fed Texas Business Outlook Surveys (TBOS), shows moderate gains in services revenue, a resumption of retail sales increases and stable manufacturing production.
Dallas Fed Economics

Texas economy moderates toward more normal growth in 2024

Texas economic growth remains healthy while gradually reverting to a more historically normal pace of expansion following the pandemic when a bust in the first half of 2020 preceded a subsequent boom.
Dallas Fed Economics

Texas economic activity expands modestly; labor market remains healthy

Texas economic activity expanded at a modest pace in April. While the manufacturing sector rebounded, the service sector slowed. Texas employment growth was moderate in the first quarter, slightly above the state’s roughly 2 percent long-run trend, and the unemployment rate held steady.
Dallas Fed Economics

Texas economic sentiment upbeat amid price pressures, uncertainty

Texas companies reported rising service sector revenue and a resumption of production growth in the manufacturing sector after weakness in 2023 and much of 2024, according to the Dallas Fed’s Texas Business Outlook Surveys (TBOS).
Dallas Fed Economics

Texas economic outlook downbeat as uncertainty increases

The Texas economy grew slightly below trend through the first quarter of 2025. While job growth appears just off its long-term annual trend rate of about 2.1 percent, the Dallas Fed Texas Business Outlook Surveys (TBOS) point to slowing activity in both the services and manufacturing sectors.
Dallas Fed Economics

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