In this article, Keith R. Phillips revises the Texas index of leading economic indicators that he introduced two years ago. He does so in response to recent structural changes in the state economy and the availability of new data. The Federal Reserve Bank of Dallas has produced the Texas leading...

Throughout much of the 1980s, wage inequality increased in the United States. Previous research has found that a rise in earnings by educational level and increased wage dispersion across occupations were important factors in the rise in wage inequality. Researchers, however, have noted that...

In Texas during the 1980s, service-sector employment rose, goods-sector employment declined, and the average real wage increased only slightly. Because service-sector jobs pay lower average wages than goods-sector jobs, analysts have suggested that the growing proportion of jobs in the service...

New composite indexes presented in this article could prove useful in analyzing and forecasting the Mexican economy. Keith Phillips, Lucinda Vargas, and Victor Zarnowitz present composite indexes of leading and coincident indexes for Mexico. In constructing the indexes, the economists use an...

Real gross domestic product is one of the most watched indicators of the U.S. business cycle. Yet at the state level, output measures are rarely used to track business conditions. Although the Bureau of Economic Analysis estimates real gross state product (RGSP), the long release lag (usually...