Laila Assanie

Dec 4, 2024 | dallasfed.org | Robert Leigh |Laila Assanie |Isabel Brizuela

New Mexico is the nation’s second-largest oil and gas producer (behind Texas). It is the home to cutting-edge federal research and houses a busy port of entry through which a growing volume of goods passes from Mexico, the nation’s No. 1 trade partner. Yet, New Mexico’s economy has historically lagged other Southwest economies and the nation.

Aug 8, 2024 | dallasfed.org | Laila Assanie |Robert Leigh

The Texas labor market cooled in June, with employment flat compared with the prior month. However, job growth in the first half of the year was solid, surpassing the national average. Texas Business Outlook Surveys (TBOS) indicate a modest pace of expansion led by services and a stabilization of price and wage growth expectations. The housing market slowed, with sales down and inventories rising. Data reflecting strain among small businesses and low- and moderate-income households appeared mixed.

May 11, 2023 | dallasfed.org | Laila Assanie |Prithvi Kalkunte

The Texas economy’s modest expansion appears to be slowing despite having some pockets of strength. Manufacturing has stagnated, the labor market has shown signs of cooling, commercial real estate activity has weakened, and banking conditions have continued to deteriorate along with outlooks. However, the service sector has seen continued growth in recent months, job gains remain robust, wage pressures haven't yet abated and the housing market has begun to stabilize.