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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.
Texas economic activity, job growth weaken as 2023 closes
Texas economic growth slowed in the fourth quarter, with job growth falling sharply in October and business activity contracting slightly in November.
Texas economic sentiment upbeat amid price pressures, uncertainty
Texas companies reported rising service sector revenue and a resumption of production growth in the manufacturing sector after weakness in 2023 and much of 2024, according to the Dallas Fed’s Texas Business Outlook Surveys (TBOS).
Texas economy grows modestly; business outlooks brighten
The Texas economy exhibited recent signs of expansion, though job growth has slowed. A measure of economic activity, The Dallas Fed Texas Business Outlook Surveys (TBOS), shows moderate gains in services revenue, a resumption of retail sales increases and stable manufacturing production.
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.
Improved business outlooks, faster job growth boost Texas outlook
A majority of Texas Business Outlook Surveys participants expect increasing demand over the next six months, signaling an improving business outlook, even as inflation and wage growth in Texas remain elevated.
Texas expansion moderates; labor market, price expectations normalize
The housing market slowed, with sales down and inventories rising. Data reflecting strain among small businesses and low- and moderate-income households appeared mixed. Some data point to rising stress, while others suggest resilience.
Speech
Opening remarks for conversation at Greater Waco Chamber
Dallas Fed President Lorie K. Logan delivered these remarks at an event for the Greater Waco Chamber of Commerce.
Journal Article
Texas economy cools as concerns about tariffs, uncertainty persist
The Texas economy appears to be cooling following an upturn during the summer. The TBOS headline indexes of manufacturing production and services revenue weakened in September and October, following a brief late -summer rebound.
Texas firms open to AI as tariff work-around strategy
Firms are adopting AI and automation to offset rising tariff costs and shrinking margins, aiming to boost productivity and reduce labor needs amid economic challenges.