Texas Economy in Focus
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For analysis and month to month comparisons go to the Comptroller’s Economic Outlook

Tracking the Texas Economy – Key Texas Economic Indicators

Updated August 8, 2014

Texas total nonfarm employment increased by 64,100 jobs during April 2014. Between April 2013 and April 2014, Texas total nonfarm employment increased by 348,000 jobs or 3.1 percent.

Over the past year, Texas added jobs in all of the 11 major industries, including professional and business services, trade, transportation and utilities, leisure and hospitality, education and health services, construction, mining and logging, government, financial activities, information, other services, and manufacturing.

Download a printable version of Tracking the Texas Economy (PDF, 772K) published August 12, 2014.


Consumer Price Index

*average of indices for the Dallas-Fort Worth and Houston metro areas.
Source: U.S. Bureau of Labor Statistics
View Consumer Price Index in Table Format


Unemployment Rate

Source: U.S. Bureau of Labor Statistics
View Unemployment Rate in Table Format

Non-Farm Unemployment

Source: Texas Workforce Commission
View Nonfarm Employment in Table Format


State Sales Tax Collections

Source: Texas Comptroller of Public Accounts
View State Sales Tax Collections in Table Format

Change in Non-farm Employment

Source: U.S. Bureau of Labor Statistics
View Change in Nonfarm Employment in Table Format


Housing Permits

Source: The Real Estate Center at Texas A&M University
View Housing Permits in Table Format

Existing Single-Family Home Sales

Source: The Real Estate Center at Texas A&M University
View Existing Home Sales in Table Format


Gasoline and Diesel Retail Prices

Source: U.S. Energy Information Administration
View Gasoline and Diesel Retail Prices in Table Format


‡ Double axis graphs: Graphs with two vertical axes show values for Texas on the left and values for the U.S. on the right. This method shows trends more clearly over the last year when data values are substantially different at state and national levels.


Texas Production and Consumption Indicators

Annual Totals
Year 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 $19,657.5 $19,852.1 746 11,372.8 3,731.6 $143,100 $45,756.2 1,280.2
2007 $21,622.1 $18,858.5 613 11,624.8 3,886.9 $146,450 $48,992.8 1,004.9
2008 $30,631.3 $23,258.8 640 11,709.7 3,854.0 $145,850 $44,442.4 1,077.0
2009 $18,363.9 $9,317.4 396 11,916.3 3,475.8 $143,650 $34,792.6 949.9
2010 $26,054.9 $11,300.3 670 12,141.8 3,698.1 $146,750 $38,797.5 951.2
2011 $39,412.6 $13,368.6 849 11,948.4 3,835.2 $147,800 $44,235.2 951.7
2012 $55,130.1 $10,701.6 912 12,261.5 3,963.4 $158,600 $52,866.3 958.2
2013 $74,788.8 $14,553.9 837 12,436.1 4,005.4 $172,150 $57,239.9 937.3


Monthly Totals
Month/
Year
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)
05/13 $6,215.1 $1,220.7 838 1,035.8 341.6 $177,700 $4,777.6 91.6
06/13 $6,009.3 $1,180.9 841 1,081.5 353.3 $180,800 $4,901.5 69.7
07/13 $6,982.6 $1,200.7 841 1,059.2 333.6 $179,400 $5,363.0 83.1
08/13 $7,256.3 $1,279.4 848 1,053.7 334.1 $177,500 $5,185.5 91.9
09/13 $7,112.5 $1,292.4 837 1,091.8 350.7 $172,500 $5,096.3 60.2
10/13 $6,874.9 $1,372.3 820 1,017.9 316.6 $170,800 $5,228.2 88.2
11/13 $5,973.9 $1,307.1 829 1,075.5 354.8 $170,800 $4,456.5 79.1
12/13 $6,619.1 $1,466.2 843 1,026.2 333.7 $175,700 $4,625.6 68.1
01/14 $6,611.1 $1,724.8 836 1,027.7 308.4 $164,600 $4,992.0 56.4
02/14 $6,573.3 $1,847.2 844 1,015.2 347.6 $174,000 $4,982.1 63.0
03/14 $7,378.8 $1,876.5 864 963.6 323.2 $178,000 $4,666.7 76.5
04/14 $7,448.6 $1,796.1 885 1,085.6 366.6 $179,900 $3,815.3 79.6
05/14 $7,541.3 $1,779.0 892 1,073.8 364.9 $187,400 $5,236.2 71.3
06/14 $7,469.3   891 1,109.9 367.1 $193,800   74.1
07/14     904         80.2

Notes:
The cigarette packages taxed number was previously based on cigarette tax collections. The cigarette packages taxed number is now based on the number of cigarette tax stamps sold. All historical cigarette package taxed numbers have been revised to reflect this new method.

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.

Annual numbers for active oil and gas drilling rigs are the median for that calendar year.

Sources:

  • Texas Comptroller of Public Accounts (Crude Oil, Natural Gas, Motor Fuel, Auto Sales, Cigarettes)
  • Baker-Hughes Incorporated (Active Oil & Gas Drilling Rigs)
  • The Real Estate Center at Texas A&M University (Median Sale Price, Existing Single-family Home Sales)

For historical data, see Texas Production and Consumption 1989-2013

For historical data, see Texas Production and Consumption 1989-2013


The dynamic Texas economy is ever-changing as it responds to new challenges and opportunities. View the Comptroller’s Economic Outlook, additional indicators and more detailed statistics on the Texas economy in addition to timely updates in the Texas Ahead web site: Economy in Focus section.

Snapshots of the state’s key economic indicators are published in every issue of the Comptroller’s Fiscal Notes newsletter, which also offers an in-depth look at topics and issues affecting the Texas economy.

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