The Texas economy continues to expand, with employment growing at a 3.4 percent annual rate in April. Texas existing-home sales and single-family construction permits increased in April, while housing starts declined. Texas exports ticked up slightly in the first quarter of 2013. Manufacturing activity increased sharply in May, according to the Texas Manufacturing Outlook Survey.
Texas gained 31,300 jobs in April after losing 8,600 jobs in March. Current Texas employment stands at 11.12 million.
The Texas unemployment rate held steady at 6.4 percent in April. The Texas rate remains lower than the U.S. rate, which was 7.5 percent in April.
Read more...Texas Economic Indicators June 2013 via Dallas Federal Reserve
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