Texas Job Growth Strong In November, But State’s Advantage Likely To Narrow

Texas economic activity gained ground in November, according to the latest monthly study by Comerica Bank.

The Texas Economic Activity Index rose 2.4 percentage points in November to a level of 109.9. Payroll job growth in Texas continued to outpace the national average. Comerica Bank chief economist Robert Dye says he expects that trend to continue in 2014.

“But I think there’s also a reasonable expectation that that growth differential between Texas and the U.S. will start to narrow over the coming year as the rest of the U.S. economy picks up steam a little bit and Texas normalizes after this very strong push from the Shale Gale that’s really revolutionized the petroleum industry and really helped spur growth in the Texas economy.”

The index tracks seven economic variables. Six of the seven gained ground in November, the lone exception being a slight dip in sales tax revenues.


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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