2016

Research Publications
Texas Employment Revised Down in First Quarter, Rebounds in Second
Updated: July 29, 2016
Texas employment grew at a 1.1 percent annualized rate in June; however, a big downward revision to first-quarter job growth resulted in a year-to-date decline of 0.1 percent on an annual basis.
Economic Indicators
Texas Economic Indicators, July 2016 image
Updated: July 25, 2016
Economic Indicators
Houston Economic Indicators, June 2016 image
Updated: June 27, 2016
Recent data suggest that Houston's economy has continued to soften. Higher oil prices may have begun to provide some aid to the still-ailing mining industry, but it's too soon to tell. Meanwhile, spillovers from the energy industry to service sectors continue to grow.
Economic Indicators
Texas Economic Indicators, June 2016 image
Updated: June 20, 2016
The Texas economy expanded in May. Payroll employment grew slightly during the month, and unemployment held steady.
Research Publications
Texas Economy Faces Cross Currents
Updated: June 17, 2016
The Texas economy has seen slight improvement on net, but overall presents a mixed picture. On the upside, employment growth rebounded in April after nearly halting in March.
Economic Indicators
Houston Economic Indicators, May 2016 image
Updated: May 31, 2016
The broader economy of Houston continues to struggle as the 2015-16 oil bust matures. The service sector is gradually slowing, and goods producers--particularly those tied to energy--continue to hemorrhage jobs. Leading indicators of the regional economy are mixed but continue to point toward a modestly negative outlook in the near term.
Economic Indicators
Texas Economic Indicators, May 2016 image
Updated: May 23, 2016
The Texas economy expanded in April. Payroll employment grew during the month, although unemployment edged up. The Texas Manufacturing Outlook Survey production index continued to be positive, but housing starts declined in March. Exports rose in the first quarter after two consecutive quarters of decline, and the estimated value of the Texas Leading Index increased in April.
Research Publications
Regional Growth Continues to Stagnate
Updated: April 28, 2016
Texas employment growth decelerated further in March to a 0.1 percent annualized rate.
Economic Indicators
Houston Economic Indicators, April 26, 2016 image
Updated: April 26, 2016
Revised data suggest that Houston’s economy was slightly weaker than originally estimated at the end of 2015 and that it has weakened since. Port activity and industries driven by local demand, such as health care, are holding up but may begin losing steam as losses in the energy sector mount. With leading indicators still weak, the outlook for Houston is modestly negative.
Annual Report 2015
After the Boom: Texas Economy Downshifts in Energy Bust
Updated: April 20, 2016
While the global oil price collapse has slowed Texas' economic growth, the state is in a much better position to weather the storm than it was during the 1980s recession and banking crisis, according to the Dallas Fed's 2015 Annual Report.
Economic Indicators
Texas Economic Indicators, April 18, 2016 image
Updated: April 18, 2016
The Texas economy continued to slow in March. Payroll employment remained relatively flat during the month, and unemployment held steady.
Economic Indicators
Houston Economic Indicators, April 4, 2016 image
Updated: April 4, 2016
Revised data suggest that Houston’s economy was slightly stronger than originally estimated at the end of 2015. However, despite those revisions and a very modest increase in oil prices since February, mining-related industries continue to be a significant drag on Houston. Health, leisure and hospitality, and retail trade are softening the impact, but overall, the near-term outlook is tepid at best.
Economic Indicators
Texas Economic Indicators, March 2016 image
Updated: March 28, 2016
The Texas economy moderated in February. Payroll employment inched up during the month, and unemployment ticked down.
Research Publications
Regional Growth Decelerates in Oil-Dependent Areas
Updated: March 18, 2016
The regional economy continues to expand, but recent data suggest that growth likely decelerated in February relative to January.
Economic Indicators
Houston Economic Indicators, March 14, 2016 image
Updated: March 14, 2016
Recent data suggest that Houston’s economy was slightly stronger than originally estimated in 2015. While the region is still struggling from a moribund oil and gas sector, services—particularly health and leisure and hospitality services—continue to be a source of growth. Taken together, the outlook remains tepid and uncertain.
Economic Indicators
Texas Economic Indicators, Mar. 2016 image
Updated: March 7, 2016
The Texas economy expanded in January. Payroll employment increased during the month, and unemployment ticked down.
Special Report
At the Heart of Texas: Cities’ Industry Clusters Drive Growth
Updated: February 17, 2016
This special report is a comprehensive look at the industry clusters, history and demographics shaping eight of Texas' key metropolitan areas: Austin, Dallas, El Paso, Fort Worth, Houston, McAllen, Midland-Odessa and San Antonio. For each city, the report's authors identify the dominant industry clusters--those that exceed the national average in their share of employment--that drive that city's economy.
Research Publications
Signs That Slower Growth Will Persist in the Regional Economy
Updated: February 1, 2016
The Eleventh District economy continued its modest growth through the end of 2015 even as the near-term outlook dimmed.
Economic Indicators
Houston Economic Indicators, Feb. 2016 image
Updated: February 1, 2016
Employment continued to grow in Houston last year. The metro area added 100,200 fewer jobs than in 2014, thanks to the sharp decline in oil prices.
Economic Indicators
Texas Economic Indicators, Jan. 2016 image
Updated: January 25, 2016
The Texas economy expanded in December. Payroll employment increased during the month; however, unemployment continued to edge up. Housing starts climbed in November, and home sales strengthened in December. November exports continued to fall, and the estimated value of the Texas Leading Index dipped further in December following November's decline.
Economic Indicators
Houston Economic Indicators, Jan. 2016 image
Updated: January 14, 2016
Houston is treading water as oil-related losses abate and the region gets help from health, construction, and refining and petrochemicals. The outlook remains very soft.

 

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