Texas economy

Texas service sector activity expanded at about the same pace in May as the prior month, according to business executives responding to the Texas Service Sector Outlook Survey.

Texas manufacturing output growth decelerated in May, according to business executives responding to the Texas Manufacturing Outlook Survey.

The Texas Employment Forecast indicates jobs will increase 1.8 percent in 2026, with an 80 percent confidence band of 1.2 to 2.4 percent.

The Texas labor market showed signs of increasing momentum in early 2026, with employment growing 1.7 percent during the first quarter after a sluggish 2025.

Leslie Callahan, a co-founder and principal of cattle trading firm Crossroads Cattle, discusses the reasons behind record-high beef prices and challenges facing the industry.

Texas cattle ranchers typically benefit from an increase in beef prices, but more recently, the reemergence of the flesh-eating New World screwworm parasite threatens the beef industry.

Eleventh District banks, benefitting from steady profits, strong credit conditions and improving bank capital levels, are well positioned to compete in a changing regulatory environment.

The Texas Employment Forecast indicates jobs will increase 1.8 percent in 2026, with an 80 percent confidence band of 1.2 to 2.4 percent.