The Texas economy has continued to grow at a moderate pace in recent weeks. Employment has picked up significantly following weak growth in August. Energy job growth has subsided from high third-quarter rates, and construction jobs have rebounded after weakening in August. Manufacturing increased strongly in October, in part due to strength in Texas exports.
Overall job growth in 2014 is likely to be nearly the same as in 2013. Manufacturing activity is likely to pick up, while growth in energy and residential housing construction jobs may decelerate and federal government jobs will likely decline.
Read more...Regional Economy Continues Moderate Expansion - Dallas Fed