Texas Border Business
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Anil Kumar, Benjamin Meier and Dylan Szeto
The Texas economy is expanding at a solid pace. Employment has grown at a 3.6 percent annualized rate through May, driven by job gains in the goods-producing sector. Unemployment remains near its historical low, and labor markets are tight. The Dallas Fed’s Texas Business Outlook Surveys suggest economic activity accelerated in May. Texas’ rig count is on the rise as oil prices continue to recover.
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