Texas Economic Indicators February 2014 via Dallas Fed

The Texas economy continues to expand, with employment growing at a 2.3 percent annual rate in December. Texas existing-home sales and housing starts increased in December, while single-family construction permits declined. Texas exports edged up in November. Manufacturing activity increased for the ninth month in a row in January, according to the Texas Manufacturing Outlook Survey.

Texas gained 21,400 jobs in December after adding 16,100 jobs in November. Texas employment stands at 11.31 million, according to the Bureau of Labor Statistics’ payroll survey.

The Texas unemployment rate declined to 6 percent in December from 6.1 percent in November. The Texas rate remains lower than the U.S. rate, which was 6.7 percent in December.

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