The San Antonio economy accelerated in February. Employment grew at an annualized rate of 5.9 percent, far outpacing Texas job growth of 1.3 percent. The unemployment rate fell to 3.8 percent, its lowest level since mid-2007. Indicators of retail activity suggest continued strength. Housing affordability increased in the final quarter of 2014, and indicators point to sustained vigor in residential construction and housing.
The San Antonio Business-Cycle Index accelerated to an annualized pace of 7.1 percent over the six months through February. Retail sales and wages, two of the less-timely components of the index, showed a substantial pickup in third quarter 2014. Combined with more recent strength in employment and declines in the unemployment rate, the index is growing at its fastest pace since 2005.
Read more...San Antonio Economic Update April 2015 via Dallas Fed
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.