General view of atmosphere during the Austin FOOD & WINE Festival at Auditorium Shores on November 05, 2022 in Austin, Texas.
Austin, Texas.
  • Texas is outpacing most states in population and GDP growth, a Wells Fargo analysis found.
  • Job growth is still increasing in many sectors such as manufacturing and healthcare.
  • Despite slowdowns in its housing and commercial real estate market, Texas is positioned to recover.

Texas is becoming the poster child of the US economy.

A new Wells Fargo analysis determined that Texas is outpacing many states regarding GDP and employment growth, despite some struggles in commercial real estate.