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Highlighting the dynamic economy of Texas, northern Louisiana and southern New Mexico

Gary Hoover, author of "Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead," discusses why some people who follow the rules for getting ahead instead fall behind.

Isabel Brizuela, Jesus Cañas, Luis Torres and Diego Morales-Burnett

Ciudad Juarez, across the Rio Grande from El Paso, lost nearly one-fifth of its manufacturing jobs over a two-year period. The decline reflects the city’s move into higher value-added, less labor-intensive production of electronics and hardware demanded for the U.S.’s burgeoning data center build-out.

Isabel Dhillon, Ethan Dixon, Isaiah Spellman and Pia Orrenius

Texas' booming private space industry is making access to space broader and cheaper than ever before.

Laila Assanie, Lorenzo Garza and Kelly Klemme

A fair amount of excess supply remains in some markets, and new properties are facing longer lease-up timelines.

Ken Simonson, chief economist for the Associated General Contractors of America, discusses the state of commercial construction in Texas and the U.S., including ongoing office and data center activity.

Robert Leigh and Pia Orrenius

Texas economic output grew in 2025 but did so with near-zero job growth. The last time that happened was in 2002–03, when the state emerged from the dot-com bust into an extended jobless recovery.

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Southwest Economy

Southwest Economy is published by the Federal Reserve Bank of Dallas. The views expressed are those of the authors and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.

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