| Media |

Texas Economy Would Be Booming If It Weren't For the Damn Journalists

Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

First, the good news. The Dallas Fed's most recent economic numbers show that Texas' economy is growing. That growth is moderate, 2.4 percent for the year, but it's better than in the country as a whole. Energy is booming; so is construction. Even the government sector is expanding slightly, in a state whose governor wants to eliminate so many departments he can't even remember them all.

There is, however, one black spot marring the otherwise encouraging economic picture, as the Fed pointed out via Twitter:

That's right. Texas would be booming if it weren't for the information sector. According to the Bureau of Labor Statistics, this includes the publishing industry, telecom, data processing, web search portals, and information services. But, for shorthand, we'll call it journalists.

"Employment in this sector is in structural decline due to technological change," said Pia Orrenius, senior vice president and senior economist at the Dallas Fed. "Output is rising but employment is falling, which means the productivity gains are large."

In other words, all of our friends are getting laid off and we're all going to lose our jobs eventually, but in the meantime we're producing like crazy, making that hamster wheel smoke. We would dig deeper into these numbers, but a new press release just came in, and we have a few more posts to knock out before the weekend comes.

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the Observer community and help support independent local journalism in Dallas.


Join the Observer community and help support independent local journalism in Dallas.