Impact of COVID-19 on small service firms clouds Texas jobs estimates
The 2020 downturn has differed from past recessions in many ways, particularly affecting high-contact service industries that contain a large number of independent businesses with few employees.
November 17, 2020
Texas rebound likely slowed by renewed COVID-19 impact on services, retail
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
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
Southwest Economy, Third Quarter 2020
COVID-19’s fiscal ills: busted Texas budgets, critical local choices
COVID-19 and related economic shutdowns have raised concerns that state and local government revenues will fall short of expectations just as demand for services soars.
September 21, 2020
Southwest Economy, Third Quarter 2020
Texas economy mends in fits and starts from pandemic’s onslaught
A resurgent COVID-19 outbreak in Texas has stymied a state economic recovery, according to the Texas
Business Outlook Surveys and high-frequency data that document activity on a more granular level.
September 21, 2020
Southwest Economy, Third Quarter 2020
Vehicle sales highlight surprising resilience in spending during pandemic
Texas truck/SUV sales held steady while car sales declined steeply
amid the recession caused by COVID-19.
September 21, 2020
Southwest Economy, Third Quarter 2020
Snapshot: Texas employment estimate debuts
The Federal Reserve Bank of Dallas’ new Texas Weekly Employment Estimate (TWEE) is a timely tool to monitor evolving economic conditions while awaiting release of the U.S. Bureau of Labor Statistics’ establishment survey of employment.
September 21, 2020
Texas Weekly Employment Estimate provides new, early economic insights
In this environment where economic conditions change very quickly and can reverse with the spread of the virus, tracking the Texas economy requires a timelier indicator than standard quarterly and monthly economic measures.
August 18, 2020
Insights from Dallas Fed surveys: Uneven economic recovery likely in Texas
The Dallas Fed’s Texas Business Outlook Surveys (TBOS) show that while recovery continued in some sectors in July, it faltered in others as new COVID-19 cases surged across the state.
August 11, 2020
Texas economy’s rebound stalls in July after gains in May, June
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