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Records show 10 of 15 industries reported decreases during the third quarter of 2015.
The state’s unemployment rate at 4.3 percent remains well below the 5 percent national average, even as oil and gas companies curtail spending plans and shrink their payrolls.
Wyoming’s economy is feeling the effects of drilling rig crews packing up and moving out.
Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.
Just three months ago, the group forecast that oil would spike to $85 per barrel by December 2015; now it expects prices below $70 until 2016.
Both Harris County and Houston will undergo an economic slowdown as the oil and gas industry’s activity level slows in the wake of low oil prices, credit ratings agency Moody’s said Friday.
The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants.
Researchers say their study, based on the sales more than 900,000 homes, is the first to examine the direct impact of gasoline prices on home values using data for specific properties.
The Texas and Houston economies can both handle significant declines in crude oil prices, according to a new report from financial services firm BBVA Compass.
Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.