The Texas economic recovery continued in May as payroll growth ticked up and the unemployment rate continued to decline. The Texas Business-Cycle Index grew for the 12th month in a row, and Texas Business Outlook Surveys respondents reported solid increases in wages and benefits. Oil prices and the rig count both grew in the week ending June 18. Home prices across the state saw record year-over-year growth in the first quarter.
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Texas Economic Indicators June 2021 via Dallas Fed
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