texas economy

The Texas economy continued to add new jobs to payrolls across the state in August. This marks 26 consecutive months of employment gains, according to the latest figures released by the state.

Exports of crude oil from the Texas Gulf Coast exceeded imports for the first time on record earlier this year, according to the U.S. Energy Information Administration (EIA).

Magnify Money, a consumer finance website, released a new study this week that found Texas dominated the list of U.S. “boomtowns” and Austin scored the top spot.

A West Texas shale oil town was named the nation’s “hottest” housing market, according to Realtor.com.

Texas led the nation in job creation for the month of May, also marking 23 consecutive months of employment gains, according to the latest figures from the Texas Workforce Commission (TWC).

The first state-run gold depository in the United States opened in Austin on Wednesday, offering Texans and other Americans a safe place to store precious metals.

A Northern California jerky snack food giant is the latest company to announce plans to exit the Golden State and relocate in Texas, potentially, later this year.

Texas led the nation with the most commercial real estate development in 2017, says a new report published by the NAIOP Research Foundation.

J.P. Morgan Chase & Co. plans to make a $20 billion, five-year investment in its U.S. businesses, boosting wages and expanding into new markets, largely in response to the recent sweeping corporate tax code changes made by the Trump Administration. Texas claims the second highest number of Chase employees after New York.

U-Haul named Texas the nation’s number one growth state for 2017, marking the second consecutive year the Lone Star State nabbed the top spot in the truck rental company’s annual migration trends report which analyzes domestic relocation patterns.

A senior economist with the Federal Reserve Bank of Dallas says the Texas economy is “firing on all cylinders” for 2018. He forecasts strong job growth, low unemployment, and other potential gains that may come in response to the Trump administration’s recently passed federal tax overhaul plan.

A new report from the Federal Reserve Bank of Dallas revealed that the Texas manufacturing industry experienced large gains in December, ending the year by reaching its highest point in more than 11 years.

Texas marks another year where it leads the nation in total population growth, adding nearly 400,000 new residents, according to the latest figures by the U.S. Census Bureau.

The Texas jobless rate hit a 40-year record low in October with unemployment dropping to 3.9 percent, outpacing the monthly national average and signaling the state rebounded since Hurricane Harvey.

Three Texas suburbs topped the list of best cities in the United States for first-time homebuyers, according to a new study by WalletHub, the personal finance website.

E-commerce giant Amazon announced Tuesday it began the process of hiring 2,500 full-time employees for its new fulfillment center in Houston, expected to open this summer. This marks the seventh facility the company will house in Texas.

The troubles continue for cereal giant Kellogg’s as it announced layoffs of more than 400 Texans working in company distribution centers this summer.

The latest U.S. Census Bureau figures released Thursday reveal that Texas dominates the top five fastest-growing cities in the nation. In their annual rankings, the bureau looked at municipalities with populations of 50,000 or more and Lone Star State suburbs won

Chief Executive Magazine named Texas the best state to do business, marking the 13th consecutive year the Lone Star State topped their list.

Texas leads the nation with the most economically-recovered cities since the Great Recession, says a new study by WalletHub.

With moving season officially underway, Texas yet again has reason to brag as three cities scored in the top five destinations, nationally.

Leading up to a crucial meeting for the global cartel next week, OPEC leadership has made plain that the price of oil is far too low to encourage investment and supply the global market in the longer term. The comments follow a variety of indicators beginning to signal a larger recovery.

Over the many months and pay cycles since the downturn in 2014, Texas’ oil and gas industry has seen one bad headline after another. The state has witnessed major bankruptcies; repeated rounds of workforce downsizing; aborted mergers; endemic rig stacking; and a political inquisition to criminalize unapproved thoughts on climate change.

For the 12th consecutive year, Chief Executive Magazine named Texas the nation’s best state for business. This year’s accolades come at a time when even more businesses either expanded their operations or relocated their headquarters to the Lone Star State.

Another corporate headquarters is calling Texas home after Mitsubishi Heavy Industries has officially settled into its offices in southwest Houston. Texas Governor Greg Abbott was on hand to formally welcome the new employees last week.

Despite a soft, global oil market, Chevron Corporation (NYSE: CVX) recently announced an aggressive plan to shift resources to West Texas and eastern New Mexico from other regions in a bid to triple daily crude output by 2020. The increased exploration activities improve chances for active rig counts to increase in the years ahead.

Two of the largest oilfield services companies in the world announced a combined workforce reduction of 14,000 in the first quarter of 2016 as crude prices remain soft amid disagreement among international producers to cap production levels. Executives have signaled concern of additional layoffs in the months ahead.

Two Houston-based drilling companies filed for Chapter 11 bankruptcy protection within a 24-hour period ending Friday as the oil slump continues to take its toll on the sector at large. The firms plan to shed a combined $3.2 billion in debts to their creditors.

While the Texas economy continues to show growth, oil field job cuts have pushed the growth rate to lower than the national rate of growth for the first time in thirteen years.

The Texas economy has taken hits from a plunge in oil prices, global economic weakness, and a stronger U.S. dollar during the last year. One indication of this combined blow is the latest report by the Dallas Federal Reserve showing a 7.7 percent drop in exports during the last year through July. With exports contributing to almost one-fifth of the state’s total economy and supporting more than one million jobs, it’s no shock that the state’s economy is slowing.

In his only sitdown interview while preparing for the first GOP primary debate on Thursday, former Texas Gov. Rick Perry discussed exclusively with Breitbart News his plan to get Americans back to work amid a crisis with the lowest workforce participation rate since 1979.

HOUSTON, Texas – Despite a sharp downturn in the price of oil, Houston remains the top Texas city for the sales of luxury homes and ranks fifth in the nation. This ranking was reported from Coldwell Banker Previews International’s spring 2015 luxury market report by Paul Takahashi with the Houston Business Journal.

Texas Comptroller of Public Accounts Glenn Hegar released the Biennium Review Estimate (BRE) on Monday in Austin. He predicted Texas will have $113 billion available for general purpose spending during the 2016-17 biennium. This represents a 9.5 percent increase over the 2014-15 biennium. The new Comptroller predicted a moderate growth rate during the coming two years.

Texas Governor Rick Perry predicted “This is going to be a painful period of time” in regards to the ever falling price of oil. The remarks came Friday as Perry was speaking to a conservative forum in Austin.

Lower gas pump prices could mean a loss of jobs and lower tax revenue for the State of Texas. The rapidly dropping gasoline prices are a result of the price of oil dropping into the $55 per barrel range. The