Texas Ahead as put together a rundown on some key economic indicators for Texas.
We skipped economics while in school. Is this good or bad?
Consumer Price Index
1982-1984 average = 100
Consumer Price Index in Texas and Nationwide
| Month |
Texas Consumer Price Index |
U.S. Consumer Price Index |
| April 2009 |
195.1 |
213.2 |
| May 2009 |
194.8 |
213.9 |
| June 2009 |
196.7 |
215.7 |
| July 2009 |
196.3 |
215.4 |
| August 2009 |
196.4 |
215.8 |
| September 2009 |
196.8 |
216.0 |
| October 2009 |
196.8 |
216.2 |
| November 2009 |
196.9 |
216.3 |
| December 2009 |
196.3 |
215.9 |
| January 2010 |
196.8 |
216.7 |
| February 2010 |
197.3 |
216.7 |
| March 2010 |
197.6 |
217.6 |
| April 2010 |
198.2 |
218.0 |
Change from previous year:
The Texas Consumer Price Index is up 1.6%.
The U.S. Consumer Price Index is up 2.2%.
Source: U.S. Bureau of Labor Statistics
Consumer Confidence Index
1985 U.S. Average = 100
Consumer Confidence Index for West-South-Central Region and United States
| Month |
West-South-Central Region Index* |
U.S. Index |
| April 2009 |
71.0 |
40.8 |
| May 2009 |
73.5 |
54.8 |
| June 2009 |
75.1 |
49.3 |
| July 2009 |
71.0 |
47.4 |
| August 2009 |
75.0 |
54.5 |
| September 2009 |
82.5 |
53.4 |
| October 2009 |
72.9 |
48.7 |
| November 2008 |
64.9 |
50.6 |
| December 2009 |
72.1 |
53.6 |
| January 2010 |
72.3 |
56.5 |
| February 2010 |
74.1 |
46.4 |
| March 2010 |
74.9 |
52.3 |
| April 2010 |
69.5 |
57.9 |
*Includes Texas, Arkansas, Louisiana and Oklahoma (per source’s data groups)
Change from previous year:
West-South-Central Region is down 2.1%.
U.S. is up 41.9%.
Source: The Conference Board
Unemployment Rate
(percent)
Unemployment for Texas and Nationwide
| Month |
Texas
Unemployment |
U.S. Unemployment |
| March 2009 |
7.0 |
8.6 |
| April 2009 |
7.3 |
8.9 |
| May 2009 |
7.5 |
9.4 |
| June 2009 |
7.8 |
9.5 |
| July 2009 |
7.9 |
9.4 |
| August 2009 |
8.0 |
9.7 |
| September 2009 |
8.1 |
9.8 |
| October 2009 |
8.1 |
10.1 |
| November 2009 |
8.2 |
10.0 |
| December 2009 |
8.2 |
10.0 |
| January 2010 |
8.2 |
9.7 |
| February 2010 |
8.2 |
9.7 |
| March 2010 |
8.2 |
9.7 |
| April 2010 |
8.3 |
9.9 |
Change from previous year:
Texas unemployment is up up 1.0 points.
U.S. unemployment is up 1.0 points.
Sources: Texas Workforce Commission, U.S. Bureau of Labor Statistics
Texas vs. U.S. Nonfarm Employment
(in millions)
Nonfarm Employment
| Month |
Texas (millions) |
U.S. (millions) |
| April 2009 |
10.35 |
131.54 |
| May 2009 |
10.32 |
131.16 |
| June 2009 |
10.29 |
130.64 |
| July 2009 |
10.27 |
130.29 |
| August 2009 |
10.23 |
130.08 |
| September 2009 |
10.21 |
129.86 |
| October 2009 |
10.23 |
129.63 |
| November 2009 |
10.24 |
129.70 |
| December 2009 |
10.22 |
129.59 |
| January 2010 |
10.23 |
129.60 |
| February 2010 |
10.24 |
129.64 |
| March 2010 |
10.28 |
129.87 |
| April 2010 |
10.31 |
130.16 |
Change from previous year:
Nonfarm employment for Texas is down 0.4%
Nonfarm employment for the U.S. is down 1.0%
Sources: Texas Workforce Commission, U.S. Bureau of Labor Statistics
Change in Nonfarm Employment in Most Populous States
(in thousands of jobs)
Comparing Nonfarm Employment in Five Most Populous States
| State |
April 2009 |
April 2010 |
Change in Jobs
(thousands) |
Percent Change |
| California |
14,221.5 |
13,866.0 |
-355.5 |
-2.5% |
| Texas |
10,352.8 |
10,310.5 |
-42.3 |
-0.4% |
| New York |
8,586.9 |
8,539.7 |
-47.2 |
-0.5% |
| Florida |
7,314.5 |
7,196.6 |
-117.9 |
-1.6% |
| Illinois |
5,700.0 |
5,609.7 |
-90.3 |
-1.6% |
Source: U.S. Bureau of Labor Statistics
Texas Sales Tax Collections, Retail Establishments
(in millions of dollars)
Texas Sales Tax Collections
| Month |
Texas Sales Tax Collections, Retail Establishments |
| April 2009 |
$789.25 |
| May 2009 |
$890.08 |
| June 2009 |
$811.00 |
| July 2009 |
$758.86 |
| August 2009 |
$885.30 |
| September 2009 |
$731.90 |
| October 2009 |
$718.90 |
| November 2009 |
$890.30 |
| December 2009 |
$920.50 |
| January 2010 |
$817.30 |
| February 2010 |
$804.30 |
| March 2010 |
$757.70 |
| April 2010 |
$823.30 |
Change from previous year: up 4.3%
Includes eating and drinking places.
Source: Texas Comptroller of Public Accounts
Texas Housing Permits
(units)
Housing Permits for Single-Family and Multi-Family Homes in Texas
| Month |
Single-Family Housing Permits |
Multi-Family Housing Permits |
| March 2009 |
5,175 |
1,573 |
| April 2009 |
5,363 |
1,876 |
| May 2009 |
5,490 |
1,262 |
| June 2009 |
6,666 |
1,408 |
| July 2009 |
6,932 |
541 |
| August 2009 |
6,055 |
1,314 |
| September 2009 |
5,529 |
1,609 |
| October 2009 |
4,921 |
210 |
| November 2009 |
4,475 |
1,088 |
| December 2009 |
5,048 |
993 |
| January 2010 |
4,854 |
1,091 |
| February 2010 |
5,751 |
435 |
| March 2010 |
7,781 |
1,735 |
Change from previous year:
Single-family permits are up 50.4%.
Multi-family permits are up 10.3%.
See note on percent change data
Source: The Real Estate Center at Texas A&M University
Existing Single-Family Home Sales in Texas
(units)
Existing Single Family Home Sales in Texas
| Month |
Existing Single-family Home Sales |
Median Sales Price |
| April 2009 |
17,062 |
$142,900 |
| May 2009 |
19,031 |
$149,300 |
| June 2009 |
21,806 |
$155,100 |
| July 2009 |
22,418 |
$153,300 |
| August 2009 |
19,837 |
$150,000 |
| September 2009 |
18,620 |
$147,400 |
| October 2009 |
19,472 |
$142,700 |
| November 2009 |
17,977 |
$142,500 |
| December 2009 |
16,239 |
$144,500 |
| January 2010 |
10,379 |
$136,900 |
| February 2010 |
13,163 |
$141,000 |
| March 2010 |
19,343 |
$143,900 |
| April 2010 |
21,579 |
$147,400 |
Change from previous year:
Existing home sales are up 26.5%.
Median sales price is up 3.1%.
See note on percent change data
Source: The Real Estate Center at Texas A&M University
Industrial Production Index
(index)
2002 = 100
Industrial Production Index
| Month |
Texas Industrial Production |
U.S. Industrial Production |
| March 2009 |
111.8 |
97.7 |
| April 2009 |
111.5 |
97.2 |
| May 2009 |
111.3 |
96.2 |
| June 2009 |
111.5 |
95.8 |
| July 2009 |
111.3 |
96.9 |
| August 2009 |
111.6 |
98.1 |
| September 2009 |
112.1 |
98.7 |
| October 2009 |
112.1 |
98.9 |
| November 2009 |
112.5 |
99.6 |
| December 2009 |
112.2 |
100.2 |
| January 2010 |
112.1 |
101.4 |
| February 2010 |
112.5 |
101.2 |
| March 2010 |
114.0 |
101.5 |
| April 2010 |
|
102.3 |
Change from previous year:
Texas index is up 1.9%
U.S. index is up 5.2%.
Source: Federal Reserve Bank of Dallas
Leading Economic Indicators Index
(index)
2004 = 100
Leading Economic Indicators in Texas and the United States
| Month |
Texas Index |
U.S. Index |
| March 2009 |
100.1 |
97.9 |
| April 2009 |
101.1 |
98.9 |
| May 2009 |
103.4 |
100.2 |
| June 2009 |
103.0 |
101.1 |
| July 2009 |
103.3 |
102.1 |
| August 2009 |
103.7 |
102.5 |
| September 2009 |
104.5 |
103.7 |
| October 2009 |
103.8 |
104.2 |
| November 2009 |
105.0 |
105.8 |
| December 2009 |
105.5 |
107.2 |
| January 2010 |
105.6 |
107.5 |
| February 2010 |
106.3 |
108.0 |
| March 2010 |
106.7 |
109.4 |
| April 2010 |
|
109.3 |
Change from previous year:
The leading indicators for Texas are up 6.5%
The leading indicators for the U.S. are up 10.5%
Source: Texas Comptroller of Public Accounts, The Conference Board
Value of Contracts for Non-Residential Construction in Texas
(billions of dollars)
Contract Value, Non-Residential Building Construction in Texas (billions)
| Month |
Contract Value |
| April 2009 |
$1.424 |
| May 2009 |
$2.051 |
| June 2009 |
$1.702 |
| July 2009 |
$1.818 |
| August 2009 |
$1.210 |
| September 2009 |
$1.541 |
| October 2009 |
$1.710 |
| November 2009 |
$1.100 |
| December 2009 |
$1.031 |
| January 2010 |
$1.210 |
| February 2010 |
$0.735 |
| March 2010 |
$0.969 |
| April 2010 |
$1.367 |
Change from previous year: down 4.0%.
Source: McGraw-Hill
Mortgage Foreclosures
Mortgage Foreclosures in Texas and United States (index)
| Month |
Texas Foreclosures |
U.S. Foreclosures |
| March 2009 |
10,616 |
341,180 |
| April 2009 |
11,314 |
342,038 |
| May 2009 |
9,813 |
321,480 |
| June 2009 |
12,023 |
336,173 |
| July 2009 |
12,077 |
360,149 |
| August 2009 |
11,261 |
358,471 |
| September 2009 |
13,216 |
343,638 |
| October 2009 |
11,798 |
332,292 |
| November 2009 |
12,095 |
306,627 |
| December 2009 |
13,807 |
349,519 |
| January 2010 |
12,225 |
315,716 |
| February 2010 |
12,638 |
308,524 |
| March 2010 |
15,552 |
367,056 |
| April 2010 |
13,133 |
333,837 |
Change from previous year:
Texas is up 16.1%
U.S.is down 2.4%.
Source: RealtyTrac
Web Exclusive Indicators
U.S. Consumer Price Index for All Urban Consumers
(index)
1982-1984 average = 100
United States Consumer Price Index for Food/Beverages and Transportation
| Month |
Overall Consumer
Price Index |
Consumer Price Index
Food and Beverages |
Consumer Price Index
Transportation |
| April 2009 |
213.2 |
218.4 |
172.0 |
| May 2009 |
213.9 |
218.1 |
176.0 |
| June 2009 |
215.7 |
218.0 |
183.7 |
| July 2009 |
215.4 |
217.6 |
182.8 |
| August 2009 |
215.8 |
217.7 |
184.4 |
| September 2009 |
216.0 |
217.6 |
183.9 |
| October 2009 |
216.2 |
218.0 |
185.4 |
| November 2009 |
216.3 |
217.7 |
188.6 |
| December 2009 |
215.9 |
218.0 |
188.3 |
| January 2010 |
216.7 |
219.2 |
190.5 |
| February 2010 |
216.7 |
219.1 |
189.6 |
| March 2010 |
217.6 |
219.4 |
192.1 |
| April 2010 |
218.0 |
219.5 |
194.0 |
Change from previous year:
The Overall Consumer Price Index for the U.S. is up 2.2%.
The Food and Beverage Consumer Price Index is up 0.5%%
The Transportation Consumer Price Index is up 12.8%.
Source: U.S. Bureau of Labor Statistics
Gasoline and Diesel Retail Prices in Texas
(dollars)
Average Retail Price of Gasoline and Diesel Fuel in Texas (per gallon)
| Month |
Gasoline |
Diesel Fuel |
| April 2009 |
$1.96 |
$2.19 |
| May 2009 |
$2.15 |
$2.20 |
| June 2009 |
$2.48 |
$2.50 |
| July 2009 |
$2.37 |
$2.50 |
| August 2009 |
$2.49 |
$2.59 |
| September 2009 |
$2.36 |
$2.55 |
| October 2009 |
$2.39 |
$2.61 |
| November 2009 |
$2.50 |
$2.74 |
| December 2009 |
$2.46 |
$2.70 |
| January 2010 |
$2.57 |
$2.81 |
| February 2010 |
$2.49 |
$2.75 |
| March 2010 |
$2.64 |
$2.88 |
| April 2010 |
$2.73 |
$3.02 |
Change from previous year:
Gasoline prices are up 39.6%
Diesel prices are up 37.7%.
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
Production and Consumption Indicators
| 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 |
$45,756.2 |
1,280.2 |
| 2007 |
$21,850.32 |
$22,968.42 |
834 |
11,624.8 |
3,886.9 |
$147,500 |
$48,500.6 |
1,085.8 |
| 2008 |
$30,409.17 |
$34,415.89 |
892 |
11,709.7 |
3,854.0 |
$145,800 |
$44,442.4 |
1,060.6 |
| 2009 |
$18,455.53 |
$12,167.80 |
431.5 |
11,916.3 |
3,475.8 |
$143,600 |
$34,792.60 |
960.2 |
| 02/09 |
$821.71 |
$888.41 |
574 |
965.3 |
291.5 |
$138,200.0 |
$2,923.8 |
77.0 |
| 03/09 |
$1,144.70 |
$932.22 |
445 |
916.6 |
281.8 |
$139,600.0 |
$2,892.3 |
86.4 |
| 04/09 |
$1,263.39 |
$859.43 |
393 |
1,019.0 |
305.7 |
$142,900.0 |
$2,501.8 |
77.5 |
| 05/09 |
$1,505.56 |
$902.44 |
347 |
989.9 |
289.8 |
$149,300.0 |
$2,591.1 |
77.8 |
| 06/09 |
$1,741.54 |
$986.90 |
329 |
1,026.3 |
291.9 |
$155,100.0 |
$3,111.4 |
82.7 |
| 07/09 |
$1,643.61 |
$967.14 |
342 |
1,013.6 |
293.2 |
$153,300.0 |
$3,071.0 |
85.6 |
| 08/09 |
$1,804.58 |
$946.17 |
366 |
1,025.9 |
297.6 |
$150,000.0 |
$3,111.0 |
126.7 |
| 09/09 |
$1,718.19 |
$808.32 |
380 |
1,021.0 |
292.0 |
$147,400.0 |
$3,357.9 |
36.9 |
| 10/09 |
$1,952.97 |
$1,077.03 |
398 |
961.1 |
281.8 |
$142,700.0 |
$2,859.6 |
76.6 |
| 11/09 |
$1,977.77 |
$1,203.78 |
433 |
991.0 |
288.4 |
$142,500.0 |
$2,536.5 |
77.9 |
| 12/09 |
$1,910.54 |
$1,407.75 |
470 |
963.3 |
267.4 |
$144,500.0 |
$2,813.6 |
82.3 |
| 01/10 |
$2,026.90 |
$1,742.37 |
519 |
992.8 |
287.6 |
$136,900.0 |
$2,815.3 |
66.8 |
| 02/10 |
$1,812.41 |
$1,338.95 |
549 |
945.5 |
289.6 |
$141,000.0 |
$2,969.2 |
70.6 |
| 03/10 |
$1,535.27 |
|
593 |
913.6 |
273.8 |
$143,900.0 |
$3,356.2 |
84.3 |
| 04/10 |
|
|
633 |
1,032.9 |
327.8 |
$147,400.0 |
|
83.7 |
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 1989-2009