Tracking the Texas Economy
Key Texas Economic Indicators - Text Alternative and Detail
This page contains tabular data that corresponds to the Key Economic Indicator graphs.
Consumer Price Index
(Index)
1982-1984 average = 100
| Month | Texas Consumer Price Index | United States Consumer Price Index |
|---|---|---|
| October 2008 | 197.5 | 216.6 |
| September 2008 | 198.9 | 218.8 |
| August 2008 | 197.5 | 219.1 |
| July 2008 | 200.0 | 220.0 |
| June 2008 | 199.0 | 218.8 |
| May 2008 | 194.4 | 216.6 |
| April 2008 | 194.6 | 214.8 |
| March 2008 | 193.9 | 213.5 |
| February 2008 | 192.7 | 211.7 |
| January 2008 | 192.0 | 211.1 |
| December 2007 | 191.5 | 210.0 |
| November 2007 | 191.0 | 210.2 |
| October 2007 | 190.3 | 208.9 |
Change from previous year:
The Texas Consumer Price Index is up 3.8%.
The United States Consumer Price Index is up 3.7%.
Source: U.S. Bureau of Labor Statistics
Return to Consumer Price Index Graph – View Historical Consumer Price Index for Texas
Consumer Confidence Index
(Index)
1985 United States Average = 100
| Month | West-South-Central Region Index* | United States Index |
|---|---|---|
| November 2008 | 63.2 | 44.9 |
| October 2008 | 77.0 | 38.0 |
| September 2008 | 93.0 | 61.4 |
| August 2008 | 92.8 | 58.5 |
| July 2008 | 80.0 | 51.9 |
| June 2008 | 82.8 | 51.0 |
| May 2008 | 82.6 | 58.1 |
| April 2008 | 91.3 | 62.8 |
| March 2008 | 97.5 | 65.9 |
| February 2008 | 106.3 | 76.4 |
| January 2008 | 125.3 | 87.3 |
| December 2007 | 119.5 | 90.6 |
| November 2007 | 122.6 | 87.8 |
*Includes Texas, Arkansas, Louisiana and Oklahoma (per source's data groups)
Change from previous year:
West-South-Central States are down 48.5%.
U.S. is down 48.9%.
Source: The Conference Board
Return to Consumer Confidence Graph – View Historical Consumer Confidence Index
Unemployment Rate
(percent)
| Month | Texas Unemployment |
United States Unemployment |
|---|---|---|
| October 2008 | 5.6% | 6.5% |
| September 2008 | 5.1% | 6.1% |
| August 2008 | 5.0% | 6.1% |
| July 2008 | 4.7% | 5.7% |
| June 2008 | 4.4% | 5.5% |
| May 2008 | 4.5% | 5.5% |
| April 2008 | 4.1% | 5.0% |
| March 2008 | 4.3% | 5.1% |
| February 2008 | 4.1% | 4.8% |
| January 2008 | 4.3% | 4.9% |
| December 2007 | 4.2% | 5.0% |
| November 2007 | 4.2% | 4.7% |
| October 2007 | 4.3% | 4.8% |
Change from previous year:
Texas unemployment is up 1.3 points.
United States unemployment is up 1.7 points.
Sources: Texas Workforce Commission, U.S. Bureau of Labor Statistics
Return to Unemployment Graph – View Historical Unemployment Rates
Nonfarm Employment
(in millions)
Texas gained 247,900 in the last 12 months, leading the nation.
| Month | Nonfarm Employment (millions) |
|---|---|
| October 2008 | 10.67 |
| September 2008 | 10.64 |
| August 2008 | 10.65 |
| July 2008 | 10.64 |
| June 2008 | 10.61 |
| May 2008 | 10.57 |
| April 2008 | 10.56 |
| March 2008 | 10.54 |
| February 2008 | 10.50 |
| January 2008 | 10.49 |
| December 2007 | 10.47 |
| November 2007 | 10.45 |
| October 2007 | 10.44 |
Change from previous year: up 2.2%
Source: Texas Workforce Commission
Return to Nonfarm Employment Graph – View Historical Nonfarm Employment by Sector
State Sales Tax Collections, Retail Establishments
(in millions of dollars)
| Month | State Sales Tax Collections, Retail Establishments |
|---|---|
| October 2008 | $747.72 |
| September 2008 | $776.75 |
| August 2008 | $925.80 |
| July 2008 | $828.92 |
| June 2008 | $858.50 |
| May 2008 | $909.40 |
| April 2008 | $806.39 |
| March 2008 | $812.57 |
| February 2008 | $855.78 |
| January 2008 | $892.66 |
| December 2007 | $973.32 |
| November 2007 | $947.08 |
| October 2007 | $794.34 |
Change from previous year: down 5.9%
Includes eating and drinking places.
Source: Texas Comptroller of Public Accounts
Change in Nonfarm Employment
(in thousands of jobs)
| State | October 2007 | October 2008 | Jobs Added (thousands) |
Percent Change |
|---|---|---|---|---|
| Texas | 10,435.5 | 10,665.9 | 230.4 | 2.2% |
| Maryland | 2,613.2 | 2,636.2 | 23.0 | 0.9% |
| Virginia | 3,758.0 | 3,778.6 | 20.6 | 0.5% |
| Oklahoma | 1,572.8 | 1,585.2 | 12.4 | 0.8% |
| Colorado | 2,344.1 | 2,355.6 | 11.5 | 0.5% |
Source: United States Bureau of Labor Statistics
Return to Nonfarm Employment Comparison Graph
Housing Permits
(units)
| Month | Single-Family Housing Permits | Multi-Family Housing Permits |
|---|---|---|
| November 2008 | 4,998 | 3,401 |
| October 2008 | 4,836 | 4,148 |
| September 2008 | 6,303 | 5,608 |
| August 2008 | 7,363 | 4,590 |
| July 2008 | 7,613 | 3,168 |
| June 2008 | 7,876 | 4,687 |
| May 2008 | 8,442 | 4,582 |
| April 2008 | 7,519 | 5,354 |
| March 2008 | 7,165 | 3,291 |
| February 2008 | 6,375 | 6,730 |
| January 2008 | 5,661 | 5,416 |
| December 2007 | 6,516 | 5,064 |
| November 2007 | 7,960 | 4,496 |
Change from previous year:
Single-family permits are down 37.2%.
Multi-family permits are down 24.4%.
See note on percent change data
Source: The Real Estate Center at Texas A&M University
Existing Single-Family Home Sales
(units)
| Month | Existing Single-family Home Sales |
|---|---|
| October 2008 | 16,711 |
| September 2008 | 17,429 |
| August 2008 | 22,179 |
| July 2008 | 23,376 |
| June 2008 | 24,099 |
| May 2008 | 23,829 |
| April 2008 | 21,513 |
| March 2008 | 20,379 |
| February 2008 | 17,714 |
| January 2008 | 14,331 |
| December 2007 | 18,440 |
| November 2007 | 18,908 |
| October 2007 | 20,145 |
Change from previous year: down 17.0%
See note on percent change data
Source: The Real Estate Center at Texas A&M University
Industrial Production Index
(Index)
1987 = 100
| Month | Industrial Production Index |
|---|---|
| October 2008 | 143.4 |
| September 2008 | 144.7 |
| August 2008 | 144.7 |
| July 2008 | 146.0 |
| June 2008 | 145.6 |
| May 2008 | 144.6 |
| April 2008 | 143.8 |
| March 2008 | 143.2 |
| February 2008 | 143.0 |
| January 2008 | 141.7 |
| December 2007 | 141.2 |
| November 2007 | 140.7 |
| October 2007 | 140.3 |
Change from previous year: up 2.2%.
Source: Federal Reserve Bank of Dallas
Return to Industrial Production Graph – View Historical Industrial Production by Sector
Leading Economic Indicators Index
(Index)
2004 = 100
| Month | Texas Index | United States Index |
|---|---|---|
| October 2008 | 99.6 | |
| September 2008 | 106.6 | 100.6 |
| August 2008 | 108.6 | 100.8 |
| July 2008 | 108.8 | 101.2 |
| June 2008 | 108.8 | 101.7 |
| May 2008 | 108.7 | 102.1 |
| April 2008 | 108.5 | 102.0 |
| March 2008 | 108.2 | 101.9 |
| February 2008 | 108.6 | 101.8 |
| January 2008 | 109.3 | 102.1 |
| December 2007 | 109.0 | 102.6 |
| November 2007 | 109.7 | 102.8 |
| October 2007 | 109.7 | 103.2 |
| September 2007 | 109.3 | 103.7 |
Change from previous year:
The leading indicators for Texas are down 2.6%
The leading indicators for the United States are down 3.5%
Source: Texas Comptroller of Public Accounts, The Conference Board
Return to Leading Indicators Graph – View Historical Leading Economic Indicators for Texas
Value of Contracts for Non-Residential Construction
(millions of dollars)
| Month | Contract Value |
|---|---|
| September 2008 | $3,763.90 |
| August 2008 | $1,940.90 |
| July 2008 | $1,667.50 |
| June 2008 | $2,223.70 |
| May 2008 | $1,789.70 |
| April 2008 | $1,632.40 |
| March 2008 | $1,710.10 |
| February 2008 | $1,634.70 |
| January 2008 | $8,950.00 |
| December 2007 | $1,217.70 |
| November 2007 | $1,291.30 |
| October 2007 | $1,882.90 |
| September 2007 | $1,582.80 |
Change from previous year: up 137.8%.
Note: In January 2008 a contract was awarded to construct a new refinery in Beaumont, Texas.
Source: McGraw-Hill
Return to Construction Contracts Graph
Mortgage Foreclosures, Annual Change
(index)
| Month | Texas Foreclosures | U.S. Foreclosures |
|---|---|---|
| October 2008 | 9,900 | 279,561 |
| September 2008 | 9,193 | 265,968 |
| August 2008 | 10,868 | 303,879 |
| July 2008 | 10,354 | 272,171 |
| June 2008 | 11,052 | 252,363 |
| May 2008 | 10,063 | 261,255 |
| April 2008 | 11,406 | 243,353 |
| March 2008 | 10,700 | 234,685 |
| February 2008 | 12,261 | 223,651 |
| January 2008 | 14,698 | 233,001 |
| December 2007 | 12,253 | 215,749 |
| November 2007 | 11,599 | 201,950 |
| October 2007 | 12,288 | 224,451 |
Change from previous year:
Texas is down 19.4%
U.S. is up 24.6%.
Source: RealtyTrac
Web Exclusive Indicators
U.S. Consumer Price Index for All Urban Consumers
(index)
1982-1984 average = 100
| Month | Overall Consumer Price Index |
Consumer Price Index Food and Beverages |
Consumer Price Index Transportation |
|---|---|---|---|
| October 2008 | 216.6 | 218.7 | 192.7 |
| September 2008 | 218.8 | 217.7 | 203.9 |
| August 2008 | 219.1 | 216.4 | 206.7 |
| July 2008 | 220.0 | 215.3 | 212.8 |
| June 2008 | 218.8 | 213.4 | 211.8 |
| May 2008 | 216.6 | 212.3 | 205.3 |
| April 2008 | 214.8 | 211.4 | 198.6 |
| March 2008 | 213.5 | 209.7 | 195.2 |
| February 2008 | 211.7 | 209.5 | 190.5 |
| January 2008 | 211.1 | 208.8 | 190.8 |
| December 2007 | 210.0 | 206.9 | 190.0 |
| November 2007 | 210.2 | 206.6 | 190.7 |
| October 2007 | 208.9 | 206.1 | 185.0 |
Change from previous year:
The Overall Consumer Price Index is up 3.8%.
The Food and Beverage Consumer Price Index is up 6.1%.
The Transportation Consumer Price Index is up 4.2%.
Source: U.S. Bureau of Labor Statistics
Return to Urban Consumers U.S. Consumer Price Index Graph
Gasoline and Diesel Retail Prices
(dollars)
| Month | Gasoline | Diesel Fuel |
|---|---|---|
| November 2008 | $1.97 | $2.82 |
| October 2008 | $2.85 | $3.54 |
| September 2008 | $3.60 | $3.99 |
| August 2008 | $3.63 | $4.25 |
| July 2008 | $3.93 | $4.68 |
| June 2008 | $3.91 | $4.64 |
| May 2008 | $3.66 | $4.37 |
| April 2008 | $3.37 | $4.02 |
| March 2008 | $3.15 | $3.83 |
| February 2008 | $2.92 | $3.34 |
| January 2008 | $2.92 | $3.26 |
| December 2007 | $2.88 | $3.28 |
| November 2007 | $2.94 | $3.31 |
Change from previous year:
Gasoline prices are down 32.9%
Diesel prices are down 14.9%.
Source: U.S. Energy Information Administration.
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 |
| 07/07 | $1,914.39 | $1,944.13 | 831 | 978.2 | 326.3 | $152,200.00 | $4,368.30 | 96.2 |
| 08/07 | $1,888.22 | $1,825.02 | 844 | 974.3 | 320.5 | $152,700.00 | $4,383.80 | 151.3 |
| 09/07 | $1,991.12 | $1,743.21 | 837 | 1,021.1 | 360.6 | $146,900.00 | $4,294.20 | 29.3 |
| 10/07 | $2,239.82 | $2,087.38 | 842 | 939.6 | 315.9 | $143,500.00 | $4,303.50 | 96.1 |
| 11/07 | $2,414.48 | $2,143.66 | 860 | 1,025.7 | 371.5 | $144,900.00 | $3,678.90 | 92.8 |
| 12/07 | $2,316.19 | $2,298.61 | 884 | 965.8 | 342.4 | $147,600.00 | $3,828.50 | 88.2 |
| 01/08 | $2,451.84 | $2,425.07 | 858 | 985.8 | 313.7 | $138,800.00 | $4,034.00 | 76.7 |
| 02/08 | $2,379.28 | $2,501.12 | 866 | 954.2 | 343.2 | $142,700.00 | $3,840.80 | 80.2 |
| 03/08 | $2,754.40 | $3,089.29 | 881 | 940.6 | 324.1 | $147,000.00 | $3,940.00 | 79.1 |
| 04/08 | $2,823.99 | $3,230.15 | 887 | 1,010.4 | 281.1 | $147,000.00 | $3,957.80 | 90.5 |
| 05/08 | $3,434.37 | $3,937.63 | 906 | 975.8 | 343.1 | $150,700.00 | $3,791.70 | 98.3 |
| 06/08 | $3,271.30 | $4,198.35 | 923 | 1,018.3 | 331.5 | $155,000.00 | $4,051.00 | 89.6 |
| 07/08 | $3,545.53 | $4,540.94 | 920 | 954.0 | 321.3 | $153,200.00 | $4,148.80 | 93.3 |
| 08/08 | $3,038.87 | $3,289.06 | 934 | 982.3 | 342.5 | $151,700.00 | $3,829.40 | 80.9 |
| 09/08 | $2,707.53 | 946 | 1,054.7 | 248.6 | $145,200.00 | $3,727.20 | 88.9 | |
| 10/08 | 925 | 852.3 | 377.9 | $142,300.00 | 98.6 | |||
| 11/08 | 899 | 85.3 |
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
Updated December 3, 2008