The Texas economy continues to expand, with employment growing at a rapid 6.9 percent annual rate in February. Texas existing-home sales increased in February, while housing starts and single-family construction permits declined. Texas exports ticked up in January. Manufacturing activity increased at a slightly faster pace in March, according to the Texas Manufacturing Outlook Survey.
Texas gained 61,600 jobs in February after adding 5,200 jobs in January. Current Texas employment stands at 11.09 million.
The Texas unemployment rate edged up to 6.4 percent in February from 6.3 percent in January. The Texas rate remains lower than the U.S. rate, which was 7.7 percent in February.
Read more...Texas Economic Indicators April 2013 via Dallas Federal Reserve