The Houston economy continued to hum along in August, but there are signs of slowing ahead. Jobs continue to grow at a healthy pace, and unemployment remains low. Construction job growth continues at a fast clip, driven in part by ongoing demand from the energy industry. However, drilling activity is slowing, and the support activities sector shed jobs in recent months. Weekly retail fuel prices remain low in the region despite an uptick due to the attack on Saudi Arabian oil infrastructure.
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Houston Economic Indicators October 2019 via dallasfed.org
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