Texas Economic Indicators July 2013 via Dallas Federal Reserve

The Texas economy continues to expand, with employment growing at a 1.2 percent annual rate in May. Texas existing-home sales and housing starts increased in May, while single-family construction permits declined. Texas exports ticked up in April. Manufacturing activity increased sharply in June, according to the Texas Manufacturing Outlook Survey.

Texas gained 11,500 jobs in May after adding 27,700 jobs in April. Current Texas employment stands at 11.12 million.

The Texas unemployment rate edged up to 6.5 percent in May from 6.4 percent in April. The Texas rate remains lower than the U.S. rate, which was 7.6 percent in May.

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