May 29, 2019 Comments Off on Texas Economy in April: Tight Labor Markets, Declining Exports Views: 136 Texas - Other, Texas News

Texas Economy in April: Tight Labor Markets, Declining Exports

While Texas economic indicators in April 2019 pointed to solid expansion and strong job growth, the labor market remained tight, while exports dipped during the month. According to metrics from the Federal Reserve Bank of Dallas, statewide unemployment stood at 3.7%, while overall job growth expanded at an annualized 2.6%, following a revised 2.5% in March 2019.

Texas exports fell 1.6% in March, while exports from the rest of the United states dropped 0.8%. Meanwhile, the Dallas Fed analysts indicated that, during the first three months of 2019, exports did increase by 7.4%, year-over-year.

On the housing front, the five-month moving average of Texas building permits for single-family housing crept up 0.3% in March, with 4.5% fewer permits having been issued in the state, versus the same period a year ago.

Read more at Dallas Fed

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