The Texas economy weakened in August. Although unemployment ticked down, employment growth dipped during the month, and exports were flat. Home prices climbed further in the second quarter, and the Texas Leading Index fell in July and August, which resulted in a slight downward revision to the employment forecast.
Texas employment fell an annualized 0.4 percent in August, in contrast with the nation’s 1.5 percent increase. Texas lost 3,600 jobs in August after adding 31,900 in July. Current Texas employment stands at 11.8 million, according to the Current Employment Statistics payroll survey.
Read more...Texas Economic Indicators September 2015 via Dallas Fed