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Tracking the Texas Economy – Key Texas Economic Indicators
Updated May 10, 2012
Sign up to receive e-mail updates when this page changesTexas total nonfarm employment increased by 27,900 jobs during February 2012. Between February 2011 and February 2012, Texas added 273,900 nonfarm jobs, an increase of 2.6 percent.
Over the past year, Texas added jobs in nine of the 11 major sectors, including professional and business services; trade, transportation and utilities; leisure and hospitality; mining and logging; Education and Health Services; Manufacturing; Financial Activities; construction; and Other Services.
Download a printable version of Tracking the Texas Economy (PDF, 1.2M) published May 11, 2012.
*average of indices for the Dallas-Fort Worth and Houston metro areas.
Source: U.S. Bureau of Labor Statistics
View Consumer Price Index in Table Format
View Historical Consumer Price Index for Texas
Source: The Conference Board
View Consumer Confidence Index in Table Format
View Historical Consumer Confidence Index
Source: U.S. Bureau of Labor Statistics
View Unemployment Rate in Table Format
View Historical Unemployment Rates
Source: Texas Workforce Commission
View Nonfarm Employment in Table Format
View Historical Nonfarm Employment by Sector
See note on percent change data
Source: The Real Estate Center at Texas A&M University
View Housing Permits in Table Format
See note on percent change data
Source: The Real Estate Center at Texas A&M University
View Existing Home Sales in Table Format
Source: U.S. Energy Information Administration
View Gasoline and Diesel Retail Prices in Table Format
Source: U.S. Bureau of Labor Statistics
View U.S. Consumer Price Index for All Urban Consumers in Table Format
‡ Double axis graphs: Graphs with two vertical axes show values for Texas on the left and values for the U.S. on the right. This method shows trends more clearly over the last year when data values are substantially different at state and national levels.
Note: Percent changes on Tracking the Texas Economy graphs and tables are calculated using raw monthly figures. Some of the annual percent changes in the Comptroller’s Economic Outlook are based on annualized figures that show longer-term trends, and therefore may differ.
Texas Production and Consumption Indicators
| Date | Value of Crude Oil Produced (Millions) |
Value of Natural Gas Produced (Millions) |
Active Oil & Gas Drilling Rigs | Gasoline (Millions of Taxed Gallons) |
Diesel (Millions of Taxed Gallons) |
Median Sales Price Existing Single Family Homes | Auto Sales Net Value (Millions) |
Cigarette Packages Taxed (Millions) |
|---|---|---|---|---|---|---|---|---|
| 2006 | $19,657.5 | $19,852.1 | 746 | 11,372.8 | 3,731.6 | $143,100 | $45,756.2 | 1,280.2 |
| 2007 | $21,622.1 | $18,858.5 | 613 | 11,624.8 | 3,886.9 | $146,450 | $48,992.8 | 1,004.9 |
| 2008 | $30,631.3 | $23,258.8 | 640 | 11,709.7 | 3,854.0 | $145,850 | $44,442.4 | 1,077.0 |
| 2009 | $18,360.5 | $9,471.0 | 396 | 11,916.3 | 3,475.8 | $143,750 | $34,792.6 | 949.9 |
| 2010 | $26,048.4 | $12,639.9 | 670 | 12,141.8 | 3,698.1 | $146,750 | $38,797.5 | 951.2 |
| 2011 | $38,232.4 | $17,443.1 | 849 | 11,948.4 | 3,835.2 | $147,850 | $44,235.2 | 951.7 |
| Date | Value of Crude Oil Produced (Millions) |
Value of Natural Gas Produced (Millions) |
Active Oil & Gas Drilling Rigs | Gasoline (Millions of Taxed Gallons) |
Diesel (Millions of Taxed Gallons) |
Median Sales Price Existing Single Family Homes | Auto Sales Net Value (Millions) |
Cigarette Packages Taxed (Millions) |
|---|---|---|---|---|---|---|---|---|
| 01/11 | $2,770.6 | $1,197.7 | 736 | 962.7 | 314.8 | $139,000 | $3,225.5 | 66.4 |
| 02/11 | $2,320.2 | $1,061.4 | 747 | 965.0 | 304.3 | $146,100 | $3,265.7 | 73.8 |
| 03/11 | $3,229.0 | $1,290.5 | 748 | 884.4 | 284.7 | $143,900 | $3,973.8 | 91.0 |
| 04/11 | $3,438.6 | $1,418.9 | 789 | 1,039.3 | 336.7 | $145,200 | $3,422.1 | 85.2 |
| 05/11 | $3,375.4 | $1,559.3 | 822 | 1,006.6 | 321.3 | $149,700 | $3,152.2 | 85.0 |
| 06/11 | $3,135.0 | $1,524.5 | 839 | 1,026.9 | 322.7 | $154,200 | $3,810.1 | 88.7 |
| 07/11 | $3,307.2 | $1,597.8 | 858 | 1,013.5 | 335.5 | $153,000 | $3,757.6 | 67.1 |
| 08/11 | $2,933.1 | $1,595.7 | 885 | 1,016.9 | 306.2 | $152,900 | $4,245.8 | 83.7 |
| 09/11 | $2,920.8 | $1,550.5 | 897 | 1,036.9 | 341.6 | $148,700 | $3,887.2 | 119.2 |
| 10/11 | $3,144.9 | $1,585.6 | 914 | 988.5 | 327.3 | $146,700 | $3,811.8 | 39.3 |
| 11/11 | $3,728.8 | $1,527.5 | 914 | 1,018.1 | 327.6 | $147,000 | $3,780.1 | 80.9 |
| 12/11 | $3,928.8 | $1,533.7 | 912 | 989.5 | 312.5 | $150,000 | $3,903.3 | 71.5 |
| 01/12 | $4,055.9 | $1,416.9 | 923 | 1,019.4 | 315.3 | $138,000 | $4,204.6 | 72.4 |
| 02/12 | $3,929.0 | $1,094.2 | 914 | 964.9 | 315.8 | $146,700 | $4,210.8 | 76.9 |
| 03/12 | $4,398.9 | 924 | 956.9 | 308.0 | $153,700 | $4,180.3 | 80.7 | |
| 04/12 | 923 | 1,050.9 | 341.3 | 82.5 |
Notes:
The cigarette packages taxed number was previously based on
cigarette tax collections. The cigarette packages taxed number is now based on
the number of cigarette tax stamps sold. All historical cigarette package taxed
numbers have been revised to reflect this new method.
Crude oil and natural gas figures are net taxable values. Gasoline gallons include gasohol. Auto sale values are calculated from motor vehicle taxes collected on new and used vehicle sales. All figures are not seasonally adjusted, except for industrial production, leading indicators and employment/unemployment. Figures are based on the most recent available data. Annual figures are for calendar years.
Annual numbers for active oil and gas drilling rigs are the median for that calendar year.
Sources:
- Texas Comptroller of Public Accounts (Crude Oil, Natural Gas, Motor Fuel, Auto Sales, Cigarettes)
- Baker-Hughes Incorporated (Active Oil & Gas Drilling Rigs)
- The Real Estate Center at Texas A&M University (Median Sale Price, Existing Single-family Home Sales)
For historical data, see Texas Production and Consumption 1989-2009
The dynamic Texas economy is ever-changing as it responds to new challenges and opportunities. View the Comptroller’s Economic Outlook, additional indicators and more detailed statistics on the Texas economy in addition to timely updates in the Texas Ahead web site: Economy in Focus section.
Snapshots of the state’s key economic indicators are published in every issue of the Comptroller’s Fiscal Notes newsletter, which also offers an in-depth look at topics and issues affecting the Texas economy.