Revising the Texas Index of Leading Indicators

Overall, movements in the index suggest that job growth in Texas will likely slow over the next three to nine months but a recession remains unlikely. The Texas forecasting model based on changes in the index predicts job growth will be 2.1 percent in 2008, down from 3.3 percent in 2007.

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Bibliographic Details
Published in:Policy File 2007
Main Authors: Phillips, Keith R, Lopez, Jose Joaquin
Format: Report
Language:English
Subjects:
Economic policy
Federal Reserve Bank of Dallas
Labor force/Employment
Online Access:Request full text
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Summary:Overall, movements in the index suggest that job growth in Texas will likely slow over the next three to nine months but a recession remains unlikely. The Texas forecasting model based on changes in the index predicts job growth will be 2.1 percent in 2008, down from 3.3 percent in 2007.