Texas Economy
Texas service sector activity continues to decline
Texas service sector activity remained in contractionary territory in June, according to business executives responding to the Texas Service Sector Outlook Survey.
July 01, 2025
Texas Manufacturing Outlook Survey
Texas factory activity was largely unchanged in June, according to business executives responding to the Texas Manufacturing Outlook Survey.
June 30, 2025
Texas Economic Indicators
The Texas economy grew in May. Employment growth was robust, as was labor force growth. The May Texas Business Outlook Surveys showed a moderation in wages and benefits growth.
June 27, 2025
Energy Indicators
Retail gasoline and diesel prices continue to decline. Motor gasoline consumption remains in line with historic trends, and distillate fuel consumption dipped significantly in the first half of 2025. Natural gas liquids production continues to grow, as do exports.
June 26, 2025
Agricultural Survey
Bankers responding to the second-quarter agriculture survey reported mildly improved conditions across most regions of the Eleventh District.
June 23, 2025
Texas Employment Forecast
The Texas Employment Forecast indicates jobs will increase 2.0 percent in 2025, with an 80 percent confidence band of 1.5 to 2.5 percent.
June 20, 2025
Energy Indicators
Texas solar power generation grew faster compared to other fuel types in 2024, although natural gas and wind generation continue to make up the highest shares of Texas’ electricity grid.
June 16, 2025
Eleventh District banks rely on core business, stay profitable as loan growth softens
Banks in the Federal Reserve Eleventh District have adapted to rising interest rates, which have discouraged new borrowing and complicated the transition to higher-earning loan portfolios, while credit remains strong as borrowers continue to make payments amidst economic growth.
June 06, 2025
Research Department Working Papers
Local Labor Markets and Selection into the Teaching Profession
Using administrative data from Texas, this paper tracks individuals from high school through college to the workforce to determine the effects of local labor markets on occupational choice.
June 03, 2025
Texas Economy
Texas service sector activity declines modestly
Texas service sector activity contracted in May, according to business executives responding to the Texas Service Sector Outlook Survey.
May 28, 2025