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Job cyclicality provides timely signals on Texas, U.S. business cycle
Kalkunte, Prithvi; Yousuf, Mariam (2025-04-22)
The cyclicality of industries and their behavior provide early indications of economic turning points in Texas and the U.S. and provide a timelier view than other data that are widely used to confirm downturns and expansions.
Dallas Fed Economics

Why Human Capital Matters Why Human Capital Matters
Monge-Naranjo, Alexander (2020-10-13)
An economist at the St. Louis Fed discusses the growing importance of human capital in determining a nation’s income.
On the Economy

Monograph
Gone to Texas: immigration and the transformantion of the Texas economy
Zavodny, Madeline; Orrenius, Pia M.; LoPalo, Melissa (2013)
The United States welcomes more immigrants than any other country, and Texas welcomes more migrants?foreign and domestic?than any other state. Nearly half of all new arrivals to the state are foreign born. With a population of over 4 million immigrants, Texas is one of the top three states in terms of the number of foreign born living within its borders. Immigration to Texas has been both a cause and consequence of rapid regional growth. The strong economy and the Texas business model?low taxes, few regulations and a low cost of labor?have attracted many businesses and workers in recent ...
Monograph

How Has the COVID-19 Recession Affected U.S. Labor across Occupations and Industries?
Amburgey, Aaron; Birinci, Serdar (2020-11-09)
COVID-19 hit the U.S. labor market hard, but relative changes in employment and hours worked vary across occupations and industries.
On the Economy

Journal Article
Strong U.S. labor market drives record remittances to Mexico
Cañas, Jesus; Pranger, Ana (2023-10-20)
Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.
Southwest Economy

Unprecedented U.S. immigration surge boosts job growth, output
Orrenius, Pia M.; Pranger, Ana; Zavodny, Madeline; Cañas, Jesus (2024-07-02)
U.S. labor market conditions are among the main drivers of an unprecedented surge of immigration, the exact size and consequences of which are still being assessed.
Dallas Fed Economics

Journal Article
Interview: Daron Acemoglu
Price, David (2023-04)
Daron Acemoglu is one of MIT's nine university- wide Institute Professors, the university's highest faculty rank. One of his predecessors, Robert Solow, developed a pathbreaking mathematical model of economic growth in the 1950s. Today, Acemoglu says hurray for economic growth — but is also concerned that choices made by policymakers and companies are channeling the gains from that growth away from workers. And as he sees things, the powerful AI technologies that have come to the fore in the past several years, embedded in products such as ChatGPT, should be regulated with the economic ...
Econ Focus , Volume 23 , Issue 2Q , Pages 22-26

How valuable is a short-term credential for a job seeker? It’s complicated
Crockett, Anna; Ryder Perlmeter, Emily; Zhang, Xiaohan (2024-08-09)
Employer demand for short-term credentials is rising. But the likelihood of such credentials leading to higher wage offers depends on the industry and can change over time.
Dallas Fed Communities

Journal Article
Texas economy rides wave of changing technology and diffusion of know-how
Assanie, Laila; Su, Yichen (2022)
Data on patents and employment show that Texas is a major center of innovation and high-tech employment.
Southwest Economy , Issue Fourth Quarter

Discussion Paper
The Long-Term Unemployed and the Wages of New Hires
Kapon, Samuel; Karahan, Fatih; Sahin, Aysegul; Dent, Robert C.; Pugsley, Benjamin (2014-11-19)
This is the third in a series of blog posts on the topic of measuring labor market slack. In this post, we assess the relationships between short- and long-term unemployment and wages by comparing the differences in states’ experiences over the business cycle. While all states felt the impact of the Great Recession, some fared better than others. Consequently, it is possible to use differences in the composition and shifts of short- and long-term unemployment to determine whether short-term unemployment exerts a greater influence on wage determination. The results suggest that there is ...
Liberty Street Economics , Paper 20141119

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