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October 17, 2016 Comments Off on Texas Economy: Not Tops, but OK Views: 291 Texas News

Texas Economy: Not Tops, but OK

Economists with the Real Estate Center at Texas A&M University said Texas’ economic indicators in August were okay. While employment increased in the services sector, manufacturing, and mining and logging employment declined. Texas housing sales did increase – but metro sales were mixed. And while state building permits increased, they did so at a slower rate than in previous years.

In August, the Texas employment growth rate – 1.6% annually – surpassed the U.S. growth rate. The economy generated 10,400 jobs. However, real total private employee hourly earnings fell by 1.7% year-over-year.

On the energy side, the number of operating rigs in Texas continued to climb for the fourth straight month, while oil production maintained recent production levels.

Read More at Real Estate Center at TAMU

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