Texas Economic Update

Texas Economy Soft in January, but Outlook Optimistic for Later in 2021

Emily Kerr and Chloe Smith

Regional economic conditions appeared to deteriorate in January after picking up at year-end, data show. Nonetheless, there is optimism regarding the outlook for growth later this year.

February 04, 2021

COVID-19 Resurgence Across Texas Depresses Economic Growth

Keith R. Phillips and Judy Teng

Texas job growth has slowed after new daily COVID-19 cases in the state began surging in mid-October.

December 24, 2020

Texas Rebound Likely Slowed by Renewed COVID-19 Impact on Services, Retail

Yichen Su and Carlee Crocker

Indicative of slowing job expansion, the Texas unemployment rate rose to 8.3 percent in September from 6.8 percent in August and exceeded the national rate (7.9 percent) for the first time since March.

November 12, 2020

Texas Economy Improves Despite Lagging Sectors as COVID-19 Cases Decline

Pia Orrenius and Chloe Smith

Continued growth is projected for the rest of the year, but it may be somewhat restrained by the expiration of federal stimulus programs and election uncertainty.

September 24, 2020

Texas Economy’s Rebound Stalls in July after Gains in May, June

Christopher Slijk and Keighton Hines

The resurgence of COVID-19 in July appears to have reversed economic gains in Texas that emerged when the virus’ frequency abated in May and June.

August 06, 2020

Texas Jobs Decline at Historic Pace from Impact of COVID-19

Anil Kumar and Judy Teng

The decrease affected all major metro areas, with the steepest drops coming in El Paso, Fort Worth and Austin, followed closely by Houston, San Antonio and Dallas.

June 18, 2020

Texas Economic Activity Sharply Falls in Wake of COVID-19

Laila Assanie and Chloe Smith

Virus containment measures have prompted unprecedented declines in demand and triggered mass layoffs, shaking business and consumer confidence.

May 07, 2020

Texas Economic Activity Suddenly Contracts in March; Outlook Worsens Due to COVID-19

Jesus Cañas and Carlee Crocker

The economic downturn in Texas has begun, recent data suggest.

March 31, 2020

Texas Economy Building Momentum to Start Year

Emily Kerr and Chloe Smith

Growth in the Texas economy picked up at year-end 2019 and accelerated into January and job gains in December were accompanied by service sector growth.

February 06, 2020

Texas Economy Picks Up in October; Data Revisions Show Weaker 2019 Growth

Keith Phillips, Judy Teng and Timothy Sherman

Texas job growth picked up in October, although the energy sector continued to slip and manufacturing activity weakened.

December 19, 2019

Texas Economy Still Growing, Though Pace Slows

Carlee Crocker and Yichen Su

The regional economy is growing at a slower pace than in recent months, with Texas labor markets remaining tight. Energy activity has declined, and export growth has slowed this year.

November 07, 2019

Texas Economy Keeps Growing Despite More Pessimistic Outlook

Chloe Smith, Christopher Slijk and Pia M. Orrenius

The regional economy is growing at a moderate pace, and labor markets remain tight. However, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.

September 26, 2019

Services, Construction Lead Texas as Manufacturing, Energy Soften

Laila Assanie and Chloe N. Smith

Sluggish growth in manufacturing is attributable to softening demand for durables, which appears tied to a slowing energy sector.

August 08, 2019

Trade Tensions Cloud Outlook as Texas Experiences Moderate Growth

Stephanie Gullo and Anil Kumar

The region’s moderate expansion continues, despite a weakening outlook. Job gains were solid in May, with most industries and major metros adding to payrolls, and labor markets remaining historically tight.

June 27, 2019

Texas Economy Rebounds from Year-End Slowdown, Grows at Moderate Pace

Jason Saving and Judy Teng

Texas economic activity expanded moderately in the first quarter after downshifting markedly in November and December.

May 09, 2019

Texas Economic Activity Stabilizes, but Slower Job Growth Is Ahead

Jesus Cañas and Benjamin Meier

Output growth in Texas has stabilized after a relatively robust 2018. However, a tight labor market, slowing energy activity and weakening global demand will restrain Texas growth during 2019, an assessment consistent with the Dallas Fed’s outlook for the year.

April 04, 2019

Regional Economic Update

Texas Economy Positioned to Improve in 2017

Christopher Slijk and Keith Phillips

The Texas economy continues to expand at a moderate pace, with payroll employment growing at a 2.1 percent annualized pace in the second half of the year versus the lackluster 0.8 percent rate in the first half.

December 15, 2016