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In January and February, the Texas economy continued to grow, with employment expanding at a 2.8 percent annual rate in February. Exports increased slightly in January and were up 6 percent from last year. Existing home sales rose in February, but other housing indicators showed weakness.

For March, the energy sector remained strong. Growth in Texas manufacturing activity continued apace in March, according to the Texas Manufacturing Outlook Survey. The Texas economy continued to expand in March as Texas added 3,700 jobs. Year-to-date, the state has gained 82,500 jobs.

More details: http://www.dallasfed.org/research/employment/2012/1204.cfm and http://www.dallasfed.org/assets/documents/research/indicators/2012/tei1204.pdf

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