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Texas manufacturing output grew in October, but new orders are declining and the outlook is worsening. Meanwhile, retail sales declined. Signs of trouble: New reports show Texas economy is facing ...
Texas is ranked as the 8th largest economy among nations of the world by nominal GDP, ahead of Canada, South Korea, Russia, and Australia. [10] In 2019, Texas had a median household income of $61,874. [11] As of August 31, 2022 Texas had a total of $64.40 billion in state debt outstanding, including both general obligation and revenue debt.
Business and economy. German economic crisis. The Handelsblatt Research Institute reports that the German economy is in its "greatest crisis in post-war history" after projecting that the economy will enter its third year of recession in 2025 with a 0.1% contraction, following a 0.3% contraction in both 2023 and 2024. Disasters and accidents
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 ...
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
The state has yet to return to its pre-pandemic unemployment rate of about 3.5%, even as it leads the country in new jobs created. However, state economic experts say the unemployment rate is an ...
Brazos Wind Farm, Fluvanna, 2004. Texas has over 150 wind farms, which together have a total nameplate capacity of over 30,000 MW (as of 2020). [5] [6] If Texas were a country, it would rank fifth in the world: [5] The installed wind capacity in Texas exceeds installed wind capacity in all countries but China, the United States, Germany and India.
In his latest column, Texas Tech researcher Dr. Seshadri Ramkumar looks at the impact of global textile demand on the High Plains economy.