Tracking the Texas Economy
Updated November 17, 2008
Key Texas Economic Indicators
This page provides the most recent data, as it becomes available. The analysis in the Texas Economic Outlook is updated monthly.
Between September 2007 and September 2008, the U.S. economy shed about 519,000 jobs, while Texas gained almost 248,000 positions. Texas’ nonfarm employment registered a stable 2.5 percent growth rate over the year, even as the nation’s job losses reached their worst level since 2003. But the number of Texas jobs in September (10.6 million) was slightly lower than in August (by 4,000), the first monthly decline since early 2007. Over the last year Texas added jobs in all major industries except information and manufacturing. Construction also registered job gains for the year, with nonresidential and highway construction making up for a decline in housing permits, but the industry lost about 2,000 jobs between August and September.
A printable version of Tracking the Texas Economy for October 28, 2008 is available in .pdf format.
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
Sources: Texas Workforce Commission, 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: Federal Reserve Bank of Dallas
View Industrial Production Index in Table Format
View Historical Industrial Production by Sector
Source: Texas Comptroller of Public Accounts, The Conference Board
View Leading Economic Indicators Index in Table Format
View Historical Leading Economic Indicators for Texas
Web Exclusive Indicators
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
(Amounts in Millions)
| 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 | $19,657.47 | $19,852.05 | 746 | 11,372.8 | 3,731.6 | $143,100.00 | $45,756.20 | 1,280.2 |
| 2007 | $20,809.07 | $24,602.30 | 834 | 11,624.8 | 3,886.9 | $147,500.00 | $48,500.60 | 1,085.8 |
| 06/07 | $1,556.10 | $2,156.42 | 834 | 1,002.3 | 326.8 | $155,000.00 | $4,159.00 | 89.5 |
| 07/07 | $1,769.86 | $2,054.97 | 831 | 978.2 | 326.3 | $152,200.00 | $4,368.30 | 96.2 |
| 08/07 | $1,790.06 | $1,925.77 | 844 | 974.3 | 320.5 | $152,700.00 | $4,383.80 | 151.3 |
| 09/07 | $1,948.83 | $1,834.88 | 837 | 1,021.1 | 360.6 | $146,900.00 | $4,294.20 | 29.3 |
| 10/07 | $1,958.82 | $2,190.99 | 842 | 939.6 | 315.9 | $143,500.00 | $4,303.50 | 96.1 |
| 11/07 | $2,311.32 | $2,279.26 | 860 | 1,025.7 | 371.5 | $144,900.00 | $3,678.90 | 92.8 |
| 12/07 | $2,225.56 | $2,431.52 | 884 | 965.8 | 342.4 | $147,600.00 | $3,828.50 | 88.2 |
| 01/08 | $2,332.21 | $2,578.57 | 858 | 985.8 | 313.7 | $138,900.00 | $4,034.00 | 76.7 |
| 02/08 | $2,270.78 | $2,667.25 | 866 | 954.2 | 343.2 | $142,800.00 | $3,840.80 | 80.2 |
| 03/08 | $2,528.35 | $3,218.29 | 881 | 940.6 | 324.1 | $147,000.00 | $3,940.00 | 79.1 |
| 04/08 | $2,651.08 | $3,359.38 | 887 | 1,010.4 | 281.1 | $147,000.00 | $3,957.80 | 90.5 |
| 05/08 | $2,961.90 | $4,054.93 | 906 | 975.8 | 343.1 | $150,800.00 | $3,791.70 | 98.3 |
| 06/08 | $3,001.46 | $4,231.96 | 923 | 1,018.3 | 331.5 | $155,100.00 | $4,051.00 | 89.6 |
| 07/08 | $3,084.13 | 920 | 954.0 | 321.3 | $153,300.00 | $4,148.80 | 93.3 | |
| 08/08 | 934 | 982.3 | 342.5 | $151,700.00 | $3,829.40 | 80.9 | ||
| 09/08 | 946 | 1,054.7 | 248.6 | $145,900.00 | $3,727.20 | 88.9 | ||
| 10/08 | 925 | 852.3 | 377.9 | 98.6 |
Notes:
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.
Sources:
Crude Oil, Natural Gas, Motor Fuel, Auto Sales, Cigarettes:
Texas Comptroller of Public Accounts
Active Oil & Gas Drilling Rigs: Baker-Hughes Incorporated
Median Sale Price, Existing Single-family Home: The Real Estate Center at Texas A&M University
For historical data, see Texas Production and Consumption 1989-2007
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 impacting the Texas economy. Sign up for your free subscription.