The Texas economy continues to expand, with employment growing at a 3.2 percent annual rate in August. Texas existing-home sales increased in August, while single-family permits and housing starts declined. Texas exports edged up in July. Manufacturing activity in September rose at a faster rate than in August, according to the Texas Manufacturing Outlook Survey.
Texas gained 30,700 jobs in August after adding 39,700 jobs in July. Current Texas employment stands at 11.6 million, according to the payroll survey (CES).
The Texas unemployment rate rose to 5.3 percent in August. The Texas rate continues to be lower than the U.S. rate, which fell to 6.1 percent in August.
Read more...Texas Economic Indicators October 2014 via Dallas Fed