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Texas

  • Economic Indicators

    Texas Economic Indicators

    The Texas economic recovery continued in May as payroll growth ticked up and the unemployment rate continued to decline.

  • Southwest Economy

    Federal COVID-19 relief aided consumer debt, though immigrant Texans derived less benefit

    The prevalence of various federal-level assistance programs helped U.S. and Texas residents shore up their household finances during the COVID-19 recession. Among mostly immigrant groups, this tendency was less pronounced, likely due to legal and socioeconomic barriers.

  • Texas winter deep freeze broke refining, petrochemical supply chains

    It may take the Texas petrochemical industry until year-end 2021 to fully recover from the record cold that triggered power outages and supply disruptions in mid-February.

  • Southwest Economy

    Banks face new challenges as Texas rebounds from COVID-19 shock

    The banking industry faced significant challenges from the COVID-19 pandemic in 2020, with profitability declining to levels not seen since the 2008–09 financial crisis.

  • Texas restaurants find change on postpandemic menu

    Emily Williams Knight, president and CEO of the Texas Restaurant Association, discusses how the dining industry survived COVID-19 and the changes that have occurred.

  • Oil patch productivity rises; jobs vanish

    After major oil price busts in 2014 and 2020, the same engineering prowess that helped the oil and gas industry thrive has been driven to find efficiencies to lower operating costs.

  • Economic Indicators

    Texas Economic Indicators

    The Texas economic recovery showed mixed signs in April as payroll growth softened but most other indicators of activity posted solid gains.

  • Economic Indicators

    Energy Indicators

    Natural gas prices increased modestly in April after falling from February highs that were driven by Winter Storm Uri. The freezing temperatures slowed natural gas exports, pushing up heating and electricity demand—including from coal—and contributed to a historic spike in electricity prices in Texas.

  • Dallas Fed Economics

    Texas economic activity springs ahead as growth strengthens

    Economic activity in Texas accelerated sharply in March, according to recent data that also indicate a continuation of the strong momentum.

  • Economic Indicators

    Energy Indicators

    Recent indicators point to an overall improved oil and gas outlook for the U.S. Activity in U.S. oil fields improved, oil prices held comfortably above levels needed to drill new wells for most producers, and industry employment losses slowed in February.