A comprehensive list of recently added postings on Dallasfed.org.
San Antonio Economic Indicators, August 2023
San Antonio payroll jobs declined in July as the region experienced employment contraction across most sectors. Unemployment jumped as jobs declined and the labor force expanded at the fastest pace since the recovery from the pandemic shutdown in early 2020.
August 24, 2023
A Theory of Capital Flow Retrenchment
This paper shows that a negative global shock (rise in global risk-aversion) generates an identical drop in gross inflows and outflows.
August 23, 2023
Dallas-Fort Worth Economic Indicators, August 23, 2023
The Dallas–Fort Worth economy expanded in July. Payroll employment grew, but unemployment ticked up as more workers joined the labor force.
August 23, 2023
El Paso Economic Indicators, August 23, 2023
In July, El Paso’s economic indicators showed mixed signals. Payroll growth increased, although it varied across sectors, and unemployment surged. However, the business-cycle index increased, and the subprime credit population stayed flat.
August 23, 2023
Texas, Louisiana and New Mexico laying groundwork for greater internet connectivity
While the digital divide is wide in poor and more isolated areas of Texas, Louisiana and New Mexico, concerted efforts are taking shape across the region to close it.
August 23, 2023
High-Yield Debt Covenants and Their Real Effects
Contrary to the prevailing belief that incurrence covenants offer limited protection for creditors, this paper reveals a significant and sudden decline in investment upon triggering these covenants.
August 22, 2023
Policy impact of unexpected Fed rate movements blurred by key information cues
Unexpected Federal Reserve monetary policy moves can profoundly affect market participants, investors and the economy. The impact of policy stems not only from its direct effects—the traditional focus for economists—but also from the new information revealed about the Fed’s economic outlook.
August 22, 2023
Permian Basin Economic Indicators, 2Q 2023
Employment in the Permian Basin in the second quarter increased while wages remained stable. Oil prices fell as production reached a new high, but the rig count declined. Home prices in Midland–Odessa increased, and sales dropped dramatically.
August 21, 2023
Banking Conditions Survey, August 2023
Loan demand declined for the eighth period in a row, though the rate of decline eased somewhat.
August 21, 2023
Texas Employment Forecast, August 18
The Texas Employment Forecast indicates that jobs will increase 3.0 percent in 2023, with an 80 percent confidence band of 2.6 to 3.4 percent.
August 18, 2023