Tuesday, August 9, 2016

Texas Employment Revised Down in First Quarter, Rebounds in Second via Dallas Fed

Texas employment grew at a 1.1 percent annualized rate in June; however, a big downward revision to first-quarter job growth resulted in a year-to-date decline of 0.1 percent on an annual basis. The Texas unemployment rate rose slightly to 4.5 percent in June from 4.4 percent in May. Texas real GDP growth slowed to a 0.3 percent annualized rate in the first quarter from 1.4 percent in fourth quarter 2015, in line with the deceleration observed in the labor market.

Read more...Texas Employment Revised Down in First Quarter, Rebounds in Second - Dallas Fed

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