A comprehensive list of recently added postings on Dallasfed.org.
New Mexico draws on energy, trade to spur economy
While New Mexico continues to navigate economic and demographic challenges, increased revenues from oil and gas production provide opportunities to invest in education, infrastructure and other improvements to boost long-term growth.
December 4, 2024
Houston Economic Indicators, Dec. 2024
Payrolls in Houston expanded strongly from July through October, while unemployment in the metro area ticked up from September to October. Inflation in food and shelter continued to fall in October; however, core inflation ticked up.
December 3, 2024
Rising unemployment doesn’t counter signs of strong GDP growth
Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.
December 3, 2024
El Paso Economic Indicators, Nov. 2024
Employment expanded in El Paso in October, though the unemployment rate ticked up. Wages rose but were down year over year.
November 27, 2024
DFW Economic Indicators, November 2024
The Dallas−Fort Worth economy softened in October. Employment was flat. Hourly earnings and retail sales tax collections fell. Existing-home sales picked up, and months of supply also ticked upward.
November 27, 2024
Real Exchange Rates and the Global Financial Cycle
This paper looks at the effect of fluctuations in the global financial cycle on real exchange rates.
November 26, 2024
The Problem of Quality Change in Historical Price Statistics: An Illustrative Example Using Baedeker Travel Guides
This paper uses a novel dataset on the prices of the travel guidebooks published by the German publishing house Baedeker between 1832 and 1944 to construct a hedonic price index for guidebooks. Comparing these indexes to the list prices of these guidebooks, the paper shows that the failure to adjust for improvements in the quality of the guidebooks over time imparts a substantial upward bias to measured inflation.
November 26, 2024
San Antonio Economic Indicators, Nov. 2024
San Antonio payrolls grew in October. Wages fell, and retail sales tax revenue decreased slightly. Office vacancy remained elevated in the third quarter.
November 26, 2024
Texas service sector activity growth picks up slightly; outlooks improve
Texas service sector activity expanded at a slightly faster pace in November than the prior month, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, increased to 10.9.
November 26, 2024
More household savings offset increased government borrowing since 2008
Large government budget deficits over the past 15 years have led to a large increase in the stock of government debt. But these government deficits have been matched by an increase in U.S. household savings.
November 26, 2024