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.

The 2007 Texas expansion was persistently underrated. While a national economic slowdown attracted headlines, the state's economy quietly grew at a rate that was Texas proud. ; State job growth of 3.1 percent last year was triple the nation's 1 percent - and exceeded the state's long-run average...