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Texas' population grew robustly in the two years ended July 2009 despite the recession's impact on labor markets. The state added more people than any other--almost 1 million--and expanded at a faster pace than all but Utah and Wyoming.>
Persistent link: https://www.econbiz.de/10008739784
Symbolic of Texas' relative economic health during the recent recession, the unemployment rate has trailed U.S. joblessness by an average of 1 percentage point since January 2007. State policymakers may gain valuable insights by determining how this remarkable gap emerged. Is it due to changes...
Persistent link: https://www.econbiz.de/10008739786
Texas' commercial real estate market steadily worsened as recession took hold in 2009. Commercial real estate's woes don't bode well for banks already struggling with losses from residential loans. The number of distressed properties--those in foreclosure, in bankruptcy or restructured--is rising.
Persistent link: https://www.econbiz.de/10008628380
The hardships of recession aren't confined to the private sector. Dallas Fed regional economist Jason Saving takes a look at how state budgets are faring in the long, deep slump--starting with Texas.
Persistent link: https://www.econbiz.de/10008628382
Initial optimism has been replaced by increasingly dire predictions for Mexico's near-term economic outlook in response to the global economic slump. World trade flows have dried up, which is particularly damaging for nations like Mexico whose economic activity depends critically on exports. At...
Persistent link: https://www.econbiz.de/10008628386
With Texas facing hard times, four of the Dallas Fed's regional experts give an update on the state's economic performance in 2009, looking at the key areas of employment, manufacturing, housing and energy.
Persistent link: https://www.econbiz.de/10008628387
Texans' real median household income rose 1.3 percent in 2008, making the state one of only five with increases in the first calendar year of the U.S. recession. During better times, 33 states posted income gains in 2007 and only Michigan suffered a decline.
Persistent link: https://www.econbiz.de/10008628393
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While conditions remain weak, it appears that the Texas economy is on a steadier course after a rough ride last year. Recent economic data and anecdotal evidence suggest the worst of the state's economic woes may be over. Activity is growing in several sectors. The state maintains its...
Persistent link: https://www.econbiz.de/10008616951