The Texas economy continues to expand, with employment growing at a 2.3 percent annual rate in July. Texas existing-home sales, single-family construction permits and housing starts all increased in July. Texas exports edged up in the second quarter of 2013. Manufacturing activity increased but at a slower pace in August, according to the Texas Manufacturing Outlook Survey.
Texas gained 21,400 jobs in July after adding 12,600 jobs in June. Current Texas employment stands at 11.17 million, according to the payroll survey (CES).
The Texas unemployment rate held steady at 6.5 percent in July. The Texas rate remains lower than the U.S. rate, which was 7.4 percent in July.
Read more...Texas Economic Indicators September 2013 via Dallas Federal Reserve