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Recent growth of professional services jobs favors select Texas counties
Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
Journal Article
Go Figure: If Texas were a country…
Texas is comparable to entire countries—and so are some of its urban areas.
Journal Article
Hang your hat in Texas: State remains a leader in firm relocations
Recently released data through 2019 show Texas remains a juggernaut, a leader for business relocations. And while figures covering the subsequent pandemic era and beyond are incomplete, anecdotal evidence suggests Texas remains a go-to spot.
Texas natives likeliest to ‘stick’ around, pointing to state’s economic health
Based on a calculation measuring the share of people born in each state who still live there, Texas is the nation’s “stickiest” state. The natives aren’t leaving.
Slowing Texas economy remains on track for a soft landing
The impact of a still-strong Texas jobs market and moderating business activities and costs suggest that the state’s economy may be headed for a soft landing following Fed policymaker efforts to cool inflationary pressures.
Texas economic activity strengthens despite slowing job growth, greater price resistance
Texas employment growth slowed even as overall activity strengthened in August and September. Resistance to price increases rose.
Journal Article
New disruption from artificial intelligence exposes high-skilled workers
With workers still grappling with the consequences of automation, the lightning-speed pace of artificial intelligence (AI) development poses fresh concerns of a new wave of worker displacement.
Texas economy moderates toward more normal growth in 2024
Texas economic growth remains healthy while gradually reverting to a more historically normal pace of expansion following the pandemic when a bust in the first half of 2020 preceded a subsequent boom.
Texas economic activity expands modestly; labor market remains healthy
Texas economic activity expanded at a modest pace in April. While the manufacturing sector rebounded, the service sector slowed. Texas employment growth was moderate in the first quarter, slightly above the state’s roughly 2 percent long-run trend, and the unemployment rate held steady.
Journal Article
Go Figure: Birth Rates Falling Faster in Texas than U.S.
Although birth rates in Texas remain higher than in the U.S., their decline since 2007 has been particularly noteworthy.