The Texas economy continues to expand, with employment growing at a 2.3 percent annual rate in November. Texas housing starts spiked in November, while existing-home sales and single-family construction permits declined. Texas exports rose in October. Manufacturing activity increased for the eighth month in a row in December, according to the Texas Manufacturing Outlook Survey.
Texas gained 21,700 jobs in November after adding 26,400 jobs in October. Current Texas employment stands at 11.29 million, according to the payroll survey (CES).
The Texas unemployment rate declined to 6.1 percent in November from 6.2 percent in October. The Texas rate remains lower than the U.S. rate, which was 7.0 percent in November.
Read more...Texas Economic Indicators January 2014 via Dallas Federal Reserve