Friday, August 15, 2008

Regional Economic Outlook

The Dallas Fed just released its August 2008 regional economic outlook. It looks like even the booming Energy industry isn't enough to stop the spread of the economic slowdown.

The Texas economy slows to its lowest growth rate since 2003.

Employment growth also slows down - not negative yet like the overall U.S.

Housing prices held up much better than the rest of the U.S. but are starting to roll over.

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