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“A recession is likely avoided, but consumer spending cannot keep marching strongly in light of student debt repayment, lighter job additions, and having covid stimulus largely used up.”
The measure of Americans’ short-term expectations for income, business and the job market fell 2.6 points to 83.9. The Conference Board says a reading under 80 can signal a potential recession ...
A new indicator says there's a 40% chance the US is in a recession that started as early as March. The measure builds on the Sahm rule, using job-vacancy data in addition to unemployment data.
A multiple-vortex tornado outside of Dallas, Texas on April 2, 1957. Since Dallas lies at the lower end of the " Tornado Alley ", tornadoes have on occasion been a threat to the city. Most tornadoes hit the city during the months of April and May. [ 15 ]
When polled, most Americans had a negative perception of the economy, with some saying that it had even entered a period of recession, while data showed that inflation was going down and GDP growing. This pessimism about the overall economy was found even among Americans who had a mostly positive perception of their own financial situation. [ 12 ]
The winter storm caused a record low temperature at Dallas/Fort Worth International Airport of −2 °F (−19 °C) on February 16, the coldest in North Texas in 72 years. [44] Most Texan homes, which infrequently see low temperatures, have poor insulation and are heated with inefficient electric resistance heaters , resulting in extremely high ...
The updated comptroller’s report raises the amount of revenue available to the state over the 2024-25 cycle to $194.6 billion.
Texas counties by GDP in 2021 (chained 2012 US$) 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]