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Jun 22, 2023 · With high interest rates and tighter credit conditions, risks to the outlook are to the downside. Job growth strengthened in May as the Texas economy added 41,000 jobs—a 3.6 percent annual growth rate, which exceeded the 2.6 percent U.S. rate. April job gains were revised down to 2.5 percent from 2.8 percent.
Low production is a continuing brake on Texas’ economic growth. On the other hand, we see significant reasons for optimism. Personal savings rates are higher; people spent less of their total incomes, including government benefits, in the first three quarters of 2020 than in previous years.
Unemployment rates are at historic lows, the country's GDP has been rising steadily for almost two years, and for the first time in almost two decades the income gap is shrinking. But Texans,...
May 12, 2022 · Additionally, rising interest rates and tighter monetary policy represent key downside risks. After accelerating in February, Texas job growth moderated in March, with the economy adding 25,000 jobs. The state’s 2.3 percent annualized growth rate for the month compares with the U.S. rate of 3.5 percent.
Families in Texas are likely to spend less thanks to higher interest rates and a rise in the cost of living. One dollar today has the same purchasing power as $0.85 in January 2021, according to...
Dec 1, 2022 · More challenges are arising for the Texas economy, both in the manufacturing and service sectors, according to new reports from the Federal Reserve Bank of Dallas.
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Sep 26, 2019 · Outlook for steady growth; downside risks increase. The outlook for the Texas economy remains positive, and the employment forecast still calls for above-trend growth through year-end. Nonetheless, the energy sector is likely to remain weak. Businesses expressed that their uncertainty has increased and their outlooks have dimmed slightly.
