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The Metro Business-Cycle Indexes
show the broad movements in local Texas economies. These
indexes summarize movements in locally measured nonagricultural
employment, the unemployment rate, inflation-adjusted
wages and inflation-adjusted retail sales.
The indexes will be published
monthly a couple days after the state and metro employment
and unemployment data become publicly available from
the Texas Workforce Commission.
October 2007—Texas State & Metro Economic Indicators
The Texas economy expanded at a slightly slower pace in August. The Dallas Fed's Texas Business-Cycle Index, an aggregate measure of the region's current economic activity, rose at an annualized rate of 2.7 percent, following revised growth of 2.9 percent in July. Year-to-date, the index has increased an annualized 3.5 percent, a deceleration from last year's pace of 4.4 percent.
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