Dallas Fed Reports Continued Economic Strength in Texas

The Dallas Fed’s latest economic indicators point toward continued strength for the state of Texas. The Fed found solid job growth, a record low unemployment rate, strong business financial performance, and optimism from its business sentiment surveys. The following highlights demonstrate continued confidence in the Texas market:

  • Employment expanded at an annualized 6.4 percent in October, outpacing the nation’s 2.2 percent growth

  • Year to date, Texas employment has grown at a 2.7 percent annual rate

  • The Texas Business Cycle Index rose an annualized 5.8 percent in October, well above its long-run average of 3.9 percent, and has increased every month since mid-2016

  • The Business Outlook Survey shows continued optimism across the Texas economy

  • Home prices and sales continued to increase from last year

These economic indicators bode well for continued growth for the Texas economy going into 2018.

Want to connect? Contact Us

  • LinkedIn - Black Circle

© 2021 by Hardscrabble Investments LLC.

Disclaimer: The content and information presented on this website are not intended as tax or legal advice. All opinions expressed and materials presented on this website should not be considered a solicitation or sale of securities. Please consult with your legal and tax professionals for questions and information regarding your personal financial situation.  Hardscrabble Investments LLC and its partners and representatives are not licensed financial advisors.

Send Us a Message
  • White LinkedIn Icon

945 West 31st Street

Chicago, IL 60608