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The Texas economy is facing headwinds. That's the gist of two new reports from the Federal Reserve Bank of Dallas, which show that although the state's manufacturing output grew in October, new ...
There’s a simple, bipartisan solution that’s a win-win for Texas families and our Texas economy. Since 2008, the federal government has extended work permits to spouses and children of U.S ...
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
And while both Texas and the U.S. saw around 63.4% of people participating in the labor force before the pandemic, Texas’s labor force participation rate has recovered to 64.2% as of last month.
Energy is a major component of the economy of Texas. The state is the nation's largest energy producer, producing twice as much energy as Florida , the state with the second-highest production. It is also the national leader in wind power generation, comprising about 28% of national wind powered electrical production in 2019.
Nationwide data from the U.S. Energy Information Administration [7] shows that Texas's electric prices did rise above the national average immediately after deregulation from 2003 to 2009, but from 2010 to 2015, prices dropped significantly below the national average price, with a total cost of $0.0863 per kWh in Texas in 2015 vs. $0.1042 ...
In his latest column, Texas Tech researcher Dr. Seshadri Ramkumar looks at the impact of global textile demand on the High Plains economy.
Texas Governor Greg Abbott and some other politicians initially said renewable energy sources were the cause for the power outages, citing frozen wind turbines as an example of their unreliability. [47] Viral images of a helicopter de-icing a wind turbine said to be in Texas were actually taken in 2015 in Sweden. [48]
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