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Texas finds cover from U.S. economic storm


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  • Fiona Sigalla


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 of 2.8 percent for the third year in a row. While declines in homebuilding were sizable, overall construction remained at high levels in Texas. Oil and gas drilling returned to heights not seen since the early 1980s energy boom.

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Bibliographic Info

Article provided by Federal Reserve Bank of Dallas in its journal Southwest Economy.

Volume (Year): (2008)
Issue (Month): Jan ()
Pages: 3-7

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Handle: RePEc:fip:feddse:y:2008:i:jan:p:3-7:n:1

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Keywords: Economic conditions - Texas ; Economic conditions - United States ; Employment - Texas ; Housing - Prices ; Energy industries;


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