The Texas economy continued to slow in March. Payroll employment remained relatively flat during the month, and unemployment held steady. The Texas Manufacturing Outlook Survey production index climbed into positive territory. February exports surged, and the estimated value of the Texas Leading Index rose for the first time since October 2015.
Texas employment grew at a 0.1 percent annualized pace in March, while the nation’s grew at a 1.8 percent rate. Texas gained 520 jobs in March after adding 7,900 in February. Current Texas employment stands at nearly 12.0 million, according to the payroll survey (Current Employment Statistics).
Read more...Texas Economic Indicators April 2016 via Dallas Fed
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