Texas Economic Indicators June 2014 via Dallas Fed

The Texas economy continues to expand, with employment growing at a 5.7 percent annual rate in April. Texas single-family construction permits, existing-home sales and housing starts all increased in April. Texas exports declined in the first quarter. Manufacturing activity continued to rise in May, according to the Texas Manufacturing Outlook Survey (TMOS).

Texas gained 52,700 jobs in April after adding 12,400 jobs in March. Current Texas employment stands at 11.45 million, according to the Bureau of Labor Statistics’ payroll survey.

The Texas unemployment rate declined to 5.2 percent in April. The Texas rate remains lower than the U.S. rate, which was 6.3 percent in April.

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