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Author:Pranger, Ana 

Texas modestly grows with soft landing likely

Texas firms reported below-average output growth to start 2023, while employment and wage gains remained elevated despite indications of a softening labor market.
Dallas Fed Economics

Recent growth of professional services jobs favors select Texas counties

Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
Dallas Fed Economics

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.
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

Journal Article
Hang your hat in Texas: State remains a leader in firm relocations

Recently released data through 2019 show Texas remains a juggernaut, a leader for business relocations. And while figures covering the subsequent pandemic era and beyond are incomplete, anecdotal evidence suggests Texas remains a go-to spot.
Southwest Economy

Journal Article
Go Figure: Birth Rates Falling Faster in Texas than U.S.

Although birth rates in Texas remain higher than in the U.S., their decline since 2007 has been particularly noteworthy.
Southwest Economy , Issue Third Quarter

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 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

Journal Article
Strong U.S. labor market drives record remittances to Mexico

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

Texas economic growth outpaces nation despite persistent downside risks

Texas employment growth advanced in May, continuing to surpass the national average.
Dallas Fed Economics

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