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Houston Economic Indicators - January 2013

Houston Economic Indicators - January 2013

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Published by Coy Davidson
Federal Reserve Bank of Dallas report on Houston Economy
Federal Reserve Bank of Dallas report on Houston Economy

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Categories:Types, Business/Law
Published by: Coy Davidson on Jan 18, 2013
Copyright:Attribution Non-commercial

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07/10/2013

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Houston
 
Economic Indicators
X
Te Houston Business-Cycle Index decelerated to a4.4 percent growth rate in November, implying a slow-ing expansion in the region. Energy-related activities,construction and international trade continue to propelgrowth. Regulatory uncertainty, the U.S. scal situationand stresses in the global economy cloud the horizon, butarea industry undamentals are rmer than they were inmuch o 2012.
X
Oil prices were mixed in December but remain relative-ly volatile. Continued pipeline bottlenecks in Cushing,Okla., are keeping the price o WI low compared withBrent, although the average price dierence ell to $21.70in December. Natural gas prices ticked up slightly romNovember to $3.41 per Mc. Fuel prices ell, due in partto seasonal actors and lower input costs. Diesel inven-tories remain relatively low, while the opposite is true orgasoline and jet uel stocks. Jet uel seasonal inventory isnear a 10-year high.
X
2012 is shaping up to be a banner year or Houstonemployment growth. Although it slowed in November,monthly employment growth averaged 3.7 percent overthe year. Construction, health care, and leisure and hos-pitality continued to lead growth in November.
X
Te Houston unemployment rate ell three-tenths o apercent to 6 percent in November as the local labor orcedeclined slightly. Te U.S. rate ell to 7.8 percent. TeConerence Board Help Wanted OnLine index or Hous-ton indicated that the number o job advertisements inthe area jumped 7 percent in December.
Economic ActivityEnergy PricesEmployment
FEDERAL RESERVE BANK OF DALLAS • JANUARY 2013
230240250260270280290300310320Nov-2008 Nov-2009 Nov-2010 Nov-2011 Nov-2012
3.28.513.3-1.72.00.09.34.13.4-7.71.5TotalConstruction & miningEducational & health servicesFinancial activitiesGovernmentInformationLeisure & hospitalityManufacturingOther servicesProfessional & business svcTrade, transp & utilities
-5-4-3-2-101
DALLAS
FED
Index, October 1980 = 100Percent change
Houston Business-Cycle IndexDecember Average Energy Spot PricesEmployment Growth
NOTE: Percent change; three-month moving-average, seasonally adjusted.*Henry Hub natural gas spot price.Gasoline$2.48/galDiesel$2.98/galJet uel$2.96/galHHNG*$3.41/McWTI$88.1/bblBrent$109.73/bbl

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