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Business-Cycle Index Signals Mild Economic Growth

The San Antonio Business-Cycle Index reportedly grew at a 2.2% annualized rate in September 2018, a slight increase from the 1.8% reported in August, but below its long-term average of 2.9%. According to metrics released by the Federal Reserve Bank of Dallas, job growth stood at 0.6% year-to-date (through September), while the unemployment rate of 3.3% was unchanged from August.

While job growth was fairly flat, hourly wages increased to its highest level since 2007. Wages year to date grew at a 5.2% annualized rate.

On the real estate side, home inventories continued low, at 3.3 months’ supply, though single-family home construction permits increased 12% year over year. Three-month averages were at their highest levels since 2007, Dallas Fed analysts noted.

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Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Economy
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