Economy
Texas is a large, diversified state boasting one of the biggest economies in the world. Our reports and articles help you understand why.
Texas total nonfarmemployment expanded for the second consecutive month, but the unemployment rateremained steady at 4.1 percent for the third month in a row. The inflation rate continues to make progress with the Consumer Price Index (CPI) dropping to 2.4 percent year over year (YOY) in September from 2.5 percent YOY in August. Home sales bounced back after falling in August.
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Go With the Flow
Daily commutes are a necessary evil for many Texans in urban areas. Who knew they can serve as a bellwether of a region’s economic growth? Austin served as a recent case study.
Economic Data
Economic Reports
Texas total nonfarmemployment expanded for the second consecutive month, but the unemployment rateremained steady at 4.1 percent for the third month in a row. The inflation rate continues to make progress with the Consumer Price Index (CPI) dropping to 2.4 percent year over year (YOY) in September from 2.5 percent YOY in August. Home sales bounced back after falling in August.
The third quarter ended with an increase inhome sales. Pending sales had a stronger increase,which could mean another positive month in October. Home prices increased slightly, and new listings decreased after stronger growth earlier in the year.
Border employment grew in 2Q2024 but not enough to prevent an increase in the unemployment rate. Housing sales had a better second quarter this year than last year, and home prices increased in three of the four border metros.
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