A comprehensive list of recently added postings on Dallasfed.org.
Houston Economic Indicators
Recent data for the Houston region have been positive for growth. The Delta wave of the coronavirus has retreated as the number of people being vaccinated progresses.
December 9, 2021
Employment numbers suggest young people face barriers in recovery from pandemic
Unemployment rates spiked for young adults in the initial months of the COVID recession. Since that time, younger members of this cohort (ages 16-19) have substantially recovered, while older members (ages 20-24) continue to see unemployment rates well above pre-COVID levels.
December 9, 2021
Austin Economic Indicators
The Austin economy continued to expand in October. The Austin Business-Cycle Index increased, led by strong payroll gains. The unemployment rate moved sideways, while the labor force grew strongly.
December 2, 2021
San Antonio Economic Indicators
Broad measures of the San Antonio economy were largely positive in October. The San Antonio Business-Cycle Index increased, jobs were added at a moderate pace and the unemployment rate was steady.
December 2, 2021
Dallas-Fort Worth Economic Indicators, December 2, 2021
Economic growth in the Dallas–Fort Worth metroplex remained steady in October. Both payroll employment and the Dallas and Fort Worth business-cycle indexes—broad measures of local economic activity—increased strongly.
December 2, 2021
Eleventh District Beige Book
Robust expansion continued in the Eleventh District economy, with gains generally broad based across sectors. Growth in the manufacturing and nonfinancial services sectors stayed strong, though retail sales were mixed.
December 1, 2021
Monetary Policy Expectations and Economic Fluctuations at the Zero Lower Bound
This paper proposes a recursive VAR model augmented with survey-based measures of future interest rates to identify the effects of forward guidance on the U.S. economy.
November 30, 2021
Texas Service Sector Activity Picks Up in November as Price Pressures Intensify
The Texas service sector’s pace of growth picked up in November, according to business executives responding to the Texas Service Sector Outlook Survey.
November 30, 2021
Asset prices, leverage and portfolio rebalancing drive global capital flows cycle
The amount of leverage—borrowed funds relative to the value of underlying assets—increases for risky holdings during downturns, motivating their ultimate sale to achieve a more secure financial position. The opposite occurs during upswings, as risky assets gain favor.
November 30, 2021
How PPP loans eluded small businesses of color
Using national- and state-representative data from small business owners from the Federal Reserve System’s Small Business Credit Survey, we found that small business owners of color were in greater need of financial support than their white-owned counterparts, but they successfully accessed the PPP less frequently.
November 29, 2021