Texas Economic Indicators – November 2011
The Texas economy continues to expand, although at a slow pace, with employment growing at a 0.1 percent annual rate in September. Texas home sales fell in September, but single-family permits and housing starts rose. Texas exports inched up in August, and activity in the manufacturing and services sector both increased in October according to the Texas Manufacturing and Services Sector Outlook Surveys.
The Houston and Dallas area lead the nation in job growth over the past year among the 12 largest metropolitan markets according to recent data from the U.S. Bureau of Labor Statistics.