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Texas economy gains speed after year-end slowdownTexas economy gains speed after year-end slowdownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=224972019-05-14T05:00:00Z2019-05-14T16:00:00Z

​DALLAS – Following a downward shift in the final two months of 2018, the Texas economy expanded moderately in first quarter 2019, according to the Federal Reserve Bank of Dallas. 

Employment increased at an annual rate of 2.2 percent in March 2019, and 2.1 percent in the first quarter. Texas unemployment remained at 3.8 percent in March, with initial claims for unemployment insurance continuing near post-recession lows, suggesting a continued tight lab​or market.

Home sales also increased as mortgage rates fell. Supply in lower price consorts was low.

Meanwhile, Texas exports increased by a cumulative 3.2 percent in January and February. Exports remain near historically high levels, despite a strong dollar.

While the general outlook remains positive, Dallas Fed analysts noted that risks could include slowing international trade, energy price volatility, and a softer Mexican economy.​​

Federal Reserve Bank of Dallas
Texas
Economy
https://www.dallasfed.org/research/economics/2019/0509Read more at {Source}

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