The Texas economy continues to expand, with employment growing at a 3.1 percent annual rate in September. Texas existing-home sales increased, while single-family construction permits and housing starts edged down in September. Texas exports ticked up in August. Manufacturing activity increased again in October, according to the Texas Manufacturing Outlook Survey, although the pace of growth slowed slightly.
Texas gained 27,700 jobs in September after adding 24,600 jobs in August. Current Texas employment stands at 10.93 million.
The Texas unemployment rate edged down to 6.8 percent in September from 7.1 percent in August. The Texas rate remains lower than the U.S.
Read more...Texas Economic Indicators November 2012 via Dallas Federal Reserve
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