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Economy

Texas is a large, diversified state boasting one of the biggest economies in the world. Our reports and articles help you understand why.

Latest Economic Articles

Domestic Migration and Wealth: Texas’ Ongoing Boom 
2 minute read
Sep 05 2024

Domestic Migration and Wealth: Texas’ Ongoing Boom 

More people are moving to Texas from other states than are leaving for opportunities elsewhere. Using IRS migration data for tax years 2016-21, we see a pattern of positive domestic...
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Go West
Single-family
6 minute read
Sep 07 2023

Go West

Who's Moving to the Petroplex

One city may be known for ostriches and the other for jackrabbits, but let’s talk about the people of Midland and Odessa—specifically, the ones who are moving there and impacting the region’s economy.

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Go With the Flow
Infrastructure & Transportation
4 minute read
Jul 05 2022

Go With the Flow

How Commuting Trends Affect Austin-Area Growth

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.

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Economic Data

Texas Total Nonfarm Employment
Seasonally Adjusted

September 2024
14.28M
0.2% MOM

Texas Unemployment Rate
Seasonally Adjusted

September 2024
4.1%
0 BPS

Consumer Price Index Growth

September 2024
2.4%
10 BPS MOM

Spot Crude Oil Price

September 2024
$70.24
21.46% YOY

Economic Reports

Outlook for the Texas Economy
Texas Economy
5 minute read
Dec 04 2024

Outlook for the Texas Economy

Texas total nonfarm employment dipped in October after two months of growth. Despite the loss of jobs, the unemployment rate held steady at 4.1 percent and the labor force participation rate climbed 64.6 percent. Inflation remained resilient and failed to decrease toward the 2 percent target rate.

Outlook for the Texas Economy
Texas Housing Insight
Single-family
4 minute read
Nov 20 2024

Texas Housing Insight

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.

Texas Housing Insight
Texas Border Economy
Texas Economy
4 minute read
Aug 26 2024

Texas Border Economy

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.

Texas Border Economy
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