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Texas modestly grows with soft landing likely
Texas firms reported below-average output growth to start 2023, while employment and wage gains remained elevated despite indications of a softening labor market.
Journal Article
Natural gas from shale: Texas revolution goes global
The Texas experiment in extracting natural gas from the Barnett Shale proved the technical feasibility of shale gas development and brought costs within bounds that promise to give shale gas an important role in global energy supplies for decades to come. ; Shale gas cost estimates vary widely, partly because of limited experience in a few basins and partly because the technology is evolving. Prices of competing energy sources at levels seen today will likely stimulate continued rapid development of natural gas from shale. However, additional regulations to protect or conserve groundwater ...
Journal Article
Noteworthy: Texas agriculture: drought's end brings optimism
The outlook for Texas agriculture is brighter for 2010--welcome news after severe drought and a weakened global economy caused distress in 2009. The El Nino weather pattern brought a wet autumn and winter to Texas, ending one of the worst droughts the state has ever suffered.
Wage growth still exceeds 3 percent despite slowing in business survey measures
Fed policymakers working to reduce inflation have closely monitored how fast wages have risen. National estimates put recent 12-month wage inflation at around 4–5 percent, though these measures can lag other indicators of labor market conditions. More timely wage data can be found from the five regional Federal Reserve Banks that run business surveys.
Journal Article
Noteworthy: Texas exports: NAFTA markets spur trade turnaround
Upturns in the Mexican and Canadian economies, coupled with the dollar's declining value, fed strong Texas export growth in the second half of 2009. The state's real exports increased 15.8 percent from the second to fourth quarter, and the United States' NAFTA partners played a key role.
Journal Article
Texas' Latino pay gaps: taking a closer look
Latino workers in Texas are on the short end of two pay gaps. They earn substantially lower wages than the state's non-Hispanic white workers. They also earn less than Latinos working in other parts of the U.S.
Pace of Texas Economic Growth Slows as Supply-Chain, Staffing Woes Persist
The Texas economy continued expanding in December and January, though the pace of growth decelerated relative to the overall fourth-quarter pace.
Labor Scarcity, Trade Woes Squeeze Texas Business, Survey Finds
Businesses face difficulty both trying to hire in a historically tight labor market and navigating tariffs and trade policy uncertainty.
Has the Beige Book become disconnected from economic data?
The Federal Reserve's Beige Book, a key tool for identifying U.S. business-cycle shifts, has traditionally aligned with economic data. However, postpandemic, its economic characterizations often appear weaker than what hard data indicated, raising concerns of divergence from official statistics.
Journal Article
No bull: Cattle prices reach record high, herd size lowest since 1950
The number of Texas cattle are at a multi-decade low at a time of strong demand and relatively high consumer prices. Dr. David Anderson, a Texas A&M University professor and extension economist, discusses with Dallas Fed economist Emily Kerr what’s driving the market, making even hamburger pricey.