Texas Economic Indicators October 2012 via Dallas Federal Reserve

The Texas economy continues to expand, with employment growing at a 3.5 percent annual rate in August. Texas existing-home sales, single-family construction permits and housing starts all increased in August. Texas exports ticked down in July. Manufacturing activity increased at a faster pace in September, according to the Texas Manufacturing Outlook Survey.

Texas gained 31,100 jobs in August after adding 19,700 jobs in July. Current Texas employment stands at 10.85 million.

The Texas unemployment rate held steady at 7.1 percent in August. The Texas rate remains lower than the U.S. rate, which was 8.1 percent in August.

Read more...Texas Economic Indicators October 2012 via Dallas Federal Reserve