Summary

The Texas economy slowed in March in the wake of lower oil prices, a strong U.S. dollar, and a weak global economy. The number of jobs in the state decreased in March, although annual employment grew primarily due to the services sector, trade, and leisure and hospitality. The unemployment rate ticked up with increased participation in the labor force. Texas manufacturing and mining and logging employment declined, while services continued a positive trend. Texas housing demand improved moderately although Houston exhibited more pronounced weakening. For the complete article click here