The Texas economy weakened in March. Employment growth was negative for the first time in more than two years, while unemployment continued to edge down. Monthly exports rose from January to February, while manufacturing activity fell in March, according to the Texas Manufacturing Outlook Survey.
Texas employment declined at a 1.2 percent annualized pace in March as the state shed 11,900 jobs. This was the first decline since January 2013, when employment contracted 0.1 percent and the state lost 900 jobs. Despite the March loss, Texas employment grew 0.7 percent on an annualized basis in the first quarter as the state added 21,100 jobs. As of March, Texas employment stood at 11.76 million, according to the payroll survey (CES).
Read more...Texas Economic Indicators April 2015 via Dallas Fed
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.