Dr. Perryman explains the performance and growth of Texas metropolitan statistical areas as compared to the rest of the United States.
Dr. Perryman describes some potential warning signs for the Texas economy in particular.
Site Selection Magazine chose Texas as State of the Decade. Dr. Perryman describes the positive economic measures in the state that led to its selection.
The International Monetary Fund has increased its growth projections for the year from 2.9% to 3.4%. This growth is energy-intensive; Dr. Perryman demonstrates how these expectations will impact Texas.
Texas has become the first state to win Business Facilities State of the Year four times with the latest win for 2019. Dr. Perryman discusses what that this means and how Texas can retain its economic status in the future.
Dr. Perryman is embarking on his 36th annual Outlook Conference, and he has a preview of what he will be sharing with audiences.
The Pew Hispanic Center came out with a new immigration study, and Dr. Perryman says one section is devoted to whether undocumented workers are taking jobs away from Americans.
Measures taken to slow the spread of COVID-19, while necessary, have had substantial negative effects on the Texas economy. In addition to shutting down large segments of the economy, the pandemic has also contributed to a downturn in oil and natural gas. However, the state is well positioned to return to growth once social distancing requirements can be more fully relaxed. The Perryman Group's latest outlook calls for a significant drop in business activity this year, but a return to growth next year (and even later this year).
By most measures, the Texas economy is performing very well, with strong hiring, more major corporate locations and expansions than anywhere else, and regular appearances at or near the top of rankings of places to do business, start a business, or get a job. However, a recent study by the Brookings Institution and the Information Technology & Innovation Foundation (ITIF) highlights an area where the state is falling behind.