The Texas economy continues to expand, with employment growing at a 2.5 percent annual rate in October. Texas existing-home sales, single-family construction permits and housing starts all increased in October. Texas exports ticked up slightly in the third quarter. Manufacturing activity was little changed in November, according to the Texas Manufacturing Outlook Survey.
Texas gained 22,900 jobs in October after adding 23,600 jobs in September. Current Texas employment stands at 10.95 million.
The Texas unemployment rate edged down to 6.6 percent in October from 6.8 percent in September. The Texas rate remains lower than the U.S. rate, which was 7.9 percent in October.
Read more...Texas Economic Indicators December 2012 via Dallas Federal Reserve
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