Dallas Fed Economics
Slowing Texas economy remains on track for a soft landing
The impact of a still-strong Texas jobs market and moderating business activities and costs suggest that the state’s economy may be headed for a soft landing following Fed policymaker efforts to cool inflationary pressures.
November 09, 2023
Economic Indicators
Energy Indicators
Oil and gas executives expect the rig count to remain at current levels at the start of next year. Exploration and production (E&P) firms—especially the smaller ones—are preparing to see higher well completion and drilling costs in 2024.
November 08, 2023
Dallas Fed Economics
Texas among states feeling most stressed by inflation
As consumer prices have climbed at a faster rate in Texas and surrounding states than nationally—food and shelter increasing even more—Texans are feeling especially stressed about rising prices.
November 07, 2023
Texas service activity flat, outlook continues to worsen
Growth in Texas service sector activity stalled in October, according to business executives responding to the Texas Service Sector Outlook Survey.
October 31, 2023
Economic Indicators
Texas Economic Indicators
The Texas economy expanded further in September. Employment grew strongly, and unemployment remained flat.
October 25, 2023
Texas Employment Forecast
The Texas Employment Forecast indicates that jobs will increase 3.3 percent in 2023, with an 80 percent confidence band of 3.1 to 3.5 percent.
October 20, 2023
Southwest Economy
Hotter summer days heat up Texans but chill the state economy
As climate change intensifies over the next decade, summer heat waves will likely become more common and severe. The effect on Texas GDP growth is likely to be twice as pronounced as in the rest of the U.S. Meanwhile, the effect on job growth will likely be relatively subdued but vary widely across sectors.
October 18, 2023
Dallas Fed Economics
Record-breaking Texas summer heat tests the grid, ERCOT operations
Texas just witnessed its second-hottest summer ever and its highest electricity demand without experiencing interruption to electricity delivery.
October 17, 2023
Economic Indicators
Energy Indicators
Resilient demand and constricted supply due to OPEC+ production cuts will leave crude oil balances in a deficit for the remainder of the year, even with continually increasing U.S. production.
October 05, 2023
Dallas Fed Economics
Texas economic activity strengthens despite slowing job growth, greater price resistance
Texas employment growth slowed even as overall activity strengthened in August and September. Resistance to price increases rose.
September 28, 2023