IRF
DATABook Glossary

Area Employment

TOTAL NONAGRICULTURAL WAGE & SALARY EMPLOYMENT, HOUSTON-PMSA
Source: Texas Workforce Commission in cooperation with U.S. Bureau of Labor Statistics. Description: The aggregate number of nonagricultural jobs in the Houston PMSA is the sum of the 10 broad divisions presented in series 10-19.  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.

Note:  The Houston Primary Metropolitan Statistical Area (PMSA) consists of Chambers, Ft. Bend, Harris, Liberty, Montgomery and Waller Counties.

ECONOMIC BASE EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: Employment in the export producing sectors of the Houston area economy.  This series is calculated by the UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.
 
SECONDARY SECTOR EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: Employment, which does not generate exports for the Houston area.  This series is calculated by the UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.

RATIO SECONDARY TO BASE EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: Data  in table on Page 3 divided by the corresponding data in table on Page 2. Revisions: Previous month revised with each new release; complete series revised annually in February by BLS.  Frequency: Monthly.

ENERGY DEPENDENT BASE EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: The part of base employment, which exists because of hydrocarbon related industries.  This series is calculated by the UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.

ENERGY DEPENDENT - UPSTREAM EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting. Description: Employment in sectors pertaining to unrefined hydrocarbons and is primarily related to the exploration, production and transfer of crude oil and natural gas.  This series is calculated by the UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS. Frequency: Monthly.

ENERGY DEPENDENT - DOWNSTREAM EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: Employment figures in sectors related to refining and finished hydrocarbon products.  This series is calculated by the UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.

ENERGY INDEPENDENT BASE EMPLOYMENT, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: The part of base employment, which does not owe is existence to hydrocarbon-related industries.  This series is calculated by UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.

ECONOMIC DIVERSIFICATION – PERCENT OF NONENERGY BASE to BASE EMPLOYMENT
Source: UH CPP Institute for Regional Forecasting.  Description: The ratio of energy independent base employment to the total base employment. This series indicates how Houston's economy has diversified since the early 1980s and is calculated by the UH CPP Institute for Regional Forecasting from monthly employment data reported by the Texas Employment Commission/U.S. Bureau of Labor Statistics (BLS).  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS.  Frequency: Monthly.

EMPLOYMENT SECTORS, HOUSTON PMSA
Mining/Construction/Manufacturing – Durables/Manufacturing – Nondurables/Retail Trade/Wholesale/Transportation & Utilities/Finance, Insurance & Real Estate/Services/Government

Source: Texas Workforce Commission in cooperation with the U.S. Bureau of Labor Statistics.  Description: Industrial classification refers to the grouping of reporting establishments into industries on the basis of their major product or activity as determined by the establishments' percent of total sales or receipts for the previous calendar year. Multiproduct establishments are classified under the industry of their most important product or activity based on the percentages reported.  The 10 sectors reported in the DATABook represent the broadest grouping inclusive of all nonagricultural activities.  Agriculture, forestry, and fishing constitute the 11th sector, or agricultural sector, completing the coverage of the Standard Industrial Classification system.  Revisions: Previous month revised with each new release; complete series are revised annually in February by BLS. Frequency: Monthly.

TOTAL NONAGRICULTURAL WAGE AND SALARY EMPLOYMENT - Seasonally Adjusted
Source: UH CPP Institute for Regional Forecasting.  Description: The UH CPP Institute for Regional Forecasting procures the employment data from the Texas Employment Commission and adjusts for seasonal variation.  This makes it easier to view month-to-month changes.  Revisions: Monthly.  Frequency: Monthly.

HOUSTON UNEMPLOYMENT RATE - Not Seasonally Adjusted
Source: U.S. Bureau of Labor Statistics.  Description: This series is the unemployment rate for all civilian workers in Houston.  It represents the number of unemployed civilian workers as a percent of the civilian labor force.  Revisions: Previous month revised with each new release; series revision occurs annually in March.  Frequency: Monthly. 
 


Area Forecasts

FIVE YEAR FORECAST - ANNUAL PERCENT CHANGE, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: This contains the forecast for population, per capita income, retail sales and employment for the Houston Primary Metropolitan Statistical Area (Chambers, Fort Bend, Harris, Liberty, Montgomery and Waller Counties).

COUNTY TRENDS AND PROJECTIONS FOR HOUSTON CMSA
Source: UH CPP Institute for Regional Forecasting.  Description: The UH CPP Institute for Regional Forecasting calculates the share of the CMSA population and employment for each of the encompassing counties since 1970 and projects the shares through 2020. Revisions: Annual.  Frequency: Annual
 


Area Indicators

IRF ESTIMATED POPULATION, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: The UH CPP Institute for Regional Forecasting publishes its own population estimates for those years when the census is not performed.  We find these estimates more consistent within the framework of the whole body of information available.  Revisions: Annual.  Frequency: Annual.

ESTIMATED POPULATION, HOUSTON PMSA - BEA
Source: U.S. Bureau of Economic Analysis/ UH CPP Institute for Regional Forecasting.  Description: Population data originates with the US Bureau of the Census - decennial censuses and annual surveys.  Revisions: Annual.  Frequency: Annual.

ESTIMATED PERSONAL INCOME, HOUSTON PMSA
Source: U.S. Bureau of Economic Analysis/ UH CPP Institute for Regional.  Description: The personal income of an area is defined as the income received by, or on behalf of, all the residents of the area.  It consists of income received by persons from all sources. Revisions: Annual.  Frequency:  Annual. Because of the two year lag in BEA data, IRF estimates the most recent two years of this data series.

HOUSTON CONSUMER PRICE INDEX - ALL URBAN CONSUMERS, 1982-1984=100
Source: The U.S. Bureau of Labor Statistics.  Description: A measure of the change in price of a basket of goods of constant quantity and quality, purchased at the retail level, and exclusive of taxes, personal property taxes, and life insurance premiums.  Revisions: None. Frequency: Bimonthly.

RETAIL SALES, HOUSTON PMSA
Source: Texas State Comptroller of Public Accounts, Fiscal Management Division.
Description: Figures are after controlling for variations in the average quality of houses sold each year.  Revisions: Quarterly.  Frequency: Quarterly.

DOMESTIC AND INTERNATIONAL FLIGHTS, HOUSTON AIRPORT SYSTEM
Source: City of Houston Airport System.  Description: The number of deplaned and enplaned passengers transported into and out of the Houston Airport System.  Revisions: Monthly.  Frequency: Monthly.


Area Real Estate

RESIDENTIAL BUILDING PERMITS, HOUSTON PMSA
Source: U.S. Bureau of Census.  Description: Single family and multi-family building permits data originates with the US Bureau of the Census - decennial censuses and annual surveys.  Revisions: Monthly.  Frequency: Monthly.

ESTIMATED NEW REAL ESTATE SUPPLY - RESIDENTIAL, HARRIS COUNTY
Source: UH CPP Institute for Regional Forecasting.  Description: Single family and multi-family net additions to housing stock. Series do not reflect units removed from the housing inventory.  Revisions: Annual.  Frequency: Annual.

RESIDENTIAL VACANCY RATES - ALL HOUSING, HOUSTON PMSA
Source: UH CPP Institute for Regional Forecasting.  Description: A measure of vacancy determined by estimating both the stock of housing and number of households.  The results are consistent with those practiced by the Bureau of the Census.  Revisions: Annual.  Frequency: Semiannual.

HOME SALES HOUSTON METROPOLITAN AREA
Source: Houston Association of Realtors.  Description: The number of single family houses closed of those listed by Realtors on the Multiple Listing Service.  Revisions: Monthly.  Frequency: Monthly.

HOUSTON QUARTERLY HOME PRICE INDEX
Source: UH CPP Institute for Regional Forecasting.  Description: An estimation of the level of housing prices in the Houston area based on approximately 1200 observations per quarter. Revisions: Annual.  Frequency: Quarterly.

HARRIS COUNTY FORECLOSURES
Source: Foreclosure Listing Service.  Description: Foreclosures, both business and residential.  Data is retrieved from county records.  Revisions: None.  Frequency: Monthly.

MULTI-FAMILY RESIDENTIAL SUPPLY & DEMAND—HOUSTON PMSA
Source: Institute for Regional Forecasting.  Description: The change in multi-family residential units available in the Houston PMSA and the change in the number of occupied units therein.  Revisions: Semi-annually.  Frequency: Annual.

GREATER HOUSTON APARTMENT MARKET
Source: O'Connor & Associates.  Description: Rental rates from spring survey of apartments.  Electricity paid by resident.  Revisions: None.  Frequency: Annual.

OFFICE BUILDING SUPPLY & DEMAND—HOUSTON PMSA
Source: Institute for Regional Forecasting.  Description: The change in the square footage of office buildings available in the Houston PMSA and the change in the amount of square footage occupied therein.  Revisions: Semi-annually.  Frequency: Annual.

OFFICE BUILDING EMPLOYMENT—HOUSTON PMSA
Source: Institute for Regional Forecasting.  Description: The number of employees working for firms or agencies occupying office buildings located in the Houston PMSA.  Revisions: Semi-annually.  Frequency: Annual.
 


Energy Indicators

ROTARY RIG COUNT - MONTHLY WORKING, UNITED STATES
Source: Baker Hughes, Inc.  Description: Active land and marine rotary rigs utilized in the various steps of upstream drilling activities.  Revisions: None.   Frequency: Monthly.

REED RIG UTILIZATION RATE
Source: Reed Tool Company.  Description: Ratio of active rigs to available rigs.  Active must be drilling or have drilled within 30 days prior to census.  Available must be able to go to work within 30 days without capital expenditure exceeding $50,000.  Revisions: Annually. Frequency:  Annually.

AVERAGE MONTHLY POSTED PRICE - WEST TEXAS INTERMEDIATE CRUDE
Source: Sun Refining & Marketing Co.  Description: Monthly average of daily per barrel price postings of West Texas Intermediate Crude.  No adjustments for gravity.  Revisions:  None.  Frequency: Monthly.

REAL POSTED PRICE - WEST TEXAS INTERMEDIATE CRUDE
Source:  UH CPP Institute for Regional Forecasting.  Description:  This is the posted price for West Texas Intermediate Crude oil divided by CPI (Page 43).  Over time, it is important to view a series of prices, which are adjusted for inflation.  Frequency:  This series will be maintained on an annual basis along with the most current month's value.

WELLHEAD PRICE - NATURAL GAS
Source: Natural Gas Monthly, Energy Information Administration, and Department of Energy.  Description: Prices determined by a survey of producers.  Revisions: None.  Frequency: Monthly.

NATURAL GAS CONSUMPTION/DEMAND BY TYPE OF END-USE
Source: Oil & Gas Journal and Department of Energy.  Description: U.S. natural gas consumption by the residential commercial, industrial, transportation, electrical power and other sectors..  Revisions: Monthly.  Frequency: Monthly.

U.S. ENERGY CONSUMPTION/DEMAND BY TYPE OF ENERGY
Source: Energy Information Administration, and Department of Energy.  Description: Energy consumed as powered by coal, petroleum, natural gas, hydroelectric/geothermal, nuclear and other sources.  Revisions: Annual.  Frequency: Annual.

REFINING CASH OPERATING MARGIN - GULF COAST REGIONAL AVERAGE
Source:  Wright Killen & Co.  Description:  Gulf Coast prices for crude oil and refined products and estimates of operating costs are applied against the yields of industry average refineries.  The resulting cash operating margins provide a measure of the relative profitability and incentive for investments in new process facilities.  Refer to the Oil & Gas Journal, November 19, 1984, p110, for further information.  Revisions:  Previous month revised with each new release.  Frequency:  Monthly.
 


National Indicators

TOTAL U.S. NONAGRICULTURAL WAGE & SALARY EMPLOYMENT
Source: U.S. Bureau of Labor Statistics.  Description: BLS cooperates with State employment security agencies in a survey collecting data each month on employment, hours, and earnings from a sample of nonagricultural establishments (including government). Revisions: Previous month revised with each new release; series revisions occur annually in March.  Frequency: Monthly.

U.S. UNEMPLOYMENT RATE, Not Seasonally Adjusted
Source: U.S. Bureau of Labor Statistics.  Description: This series is the unemployment rate for all civilian workers.  It represents the number of unemployed civilian workers as a percent of the civilian labor force.  Revisions: Previous month revised with each new release; series revisions occur annually in March.  Frequency: Monthly.

U.S. REAL GROSS DOMESTIC PRODUCT
Source: Federal Reserve Bank of St. Louis and the Bureau of Economic Analysis.  Description:  The Gross Domestic Product is the appropriate measure for domestic short-term monitoring and analysis of the U.S. economy; it is consistent with indicators such as employment.  Revisions: Monthly.  Frequency: Quarterly.

U.S. CONSUMER PRICE INDEX, ALL URBAN CONSUMERS, 1982-84=100
Source: U.S. Bureau of Labor Statistics.  Description: A measure of the change in price of a basket of goods of constant quantity and quality, purchased at the retail level, and exclusive of taxes, personal property taxes, and life insurance premiums.  Revisions: None. Frequency: Monthly.

PRODUCER PRICE INDEX
Source: U.S. Bureau of Labor Statistics.  Description: A measure of the change in the prices of inputs used to produce goods and services in the U.S. – not seasonally adjusted.  Revisions: Monthly.  Frequency: Monthly.

U.S. INDEX OF LEADING ECONOMIC INDICATORS, 1992=100
Source: U.S. Bureau of Economic Analysis.  Description: An index of twelve leading economic indicators for the U.S.  These are indicators whose movements usually precede the changes in the overall economy.  Included are measures of employment, consumption, investment, construction, the money supply, and others.  Revisions: Irregular.  Frequency: Monthly.

INDEX OF INDUSTRIAL PRODUCTION - Seasonally Adjusted, 1992=100
Source: Federal Reserve Bank of St. Louis.  Description: The index measures monthly changes in the physical output of the manufacturing, mining, and gas and electric utility industries.  The series is seasonally adjusted.  The base year is 1987 (1987=100).  Revisions: None. Frequency: Monthly.

STANDARD & POOR'S 500 STOCK INDEX
Source: Standard & Poors.  Description:  The index is calculated by Standard and Poor's Corporation.  The series is based on daily closing prices for the month. The price of each stock is weighted by the number of shares.  The shares are all traded on the New York Stock Exchange.  The base year is 1941-43 (1941-43=10).  Revisions: None. Frequency: Monthly.

COMMODITY PRICES
Source: Bridge Commodity Research Bureau.  Description:  CRB index is based on the futures prices for a broad range of frequently trade commodities.  Revisions: Monthly.  Frequency: Monthly.

TREASURY BILLS 3-MONTH MONTHLY AVERAGE
Source: Federal Reserve Bank of St. Louis.  Description: This series is a monthly average of Treasury Bill interest rates determined from the Treasury auctions.  Revisions: None.  Frequency: Monthly.

30 YEAR CONSTANT MATURITY U.S. GOVERNMENT BOND RATES
Source: Federal Reserve Bank of St. Louis.  Description: A monthly average of daily interest rates on a portfolio of Treasury bonds selected so as to have constant maturity. Revisions: None.  Frequency: Monthly.

CONVENTIONAL MORTGAGE INTEREST RATES
Source: Federal Home Loan Mortgage Corporation.  Description:  The monthly average rate for 30 year fixed rate conventional mortgages in the primary mortgage market – not seasonally adjusted.  Revisions: Monthly.  Frequency: Monthly.

M2-U.S. MONEY SUPPLY
Source: Federal Reserve Bank.  Description: Sum of currency, travelers checks, demand deposits other checkable deposits, overnight RPs and EuroDollars, MMMF balances, MMDA and savings and small time deposits.  Revisions: Irregular. Frequency: Quarterly.

VALUE OF THE U.S. DOLLAR
Source: Federal Reserve Bank of Governors.  Description:  The monthly average of the trade-weighted exchange value of the U.S. dollar versus a subset of the broad index of currencies that circulated widely outside of the U.S.  Revisions: Monthly.  Frequency: Monthly.

BALANCE OF PAYMENTS
Source: U.S. Bureau of Census and U.S. Bureau of Economic Analysis.  Description:  Exports of domestically produced goods and services minus the imports of goods and services produced in foreign countries.  Revisions: Monthly.  Frequency: Monthly.


Texas Cities' Comparative Statistics

TOTAL TEXAS NONAGRICULTURAL WAGE AND SALARY EMPLOYMENT
Source: UH CPP Institute for Regional Forecasting.  Description: The UH CPP Institute for Regional Forecasting procures the employment data from the Texas Employment Commission and adjusts for seasonal variation.  This makes it easier to view month-to-month changes.  Revisions: Monthly.  Frequency: Monthly.

COMPARATIVE EMPLOYMENT GROWTH

Source: U.S. Bureau of Labor Statistics and UH CPP Institute for Regional Forecasting.  Description: Relative growth of employment in U.S., Texas and several large employment centers in Texas.  Revisions: Monthly.  Frequency: Monthly.

HOUSTON RELATIVE POWER INDEX
Source: U.S. Bureau of Labor Statistics and UH CPP Institute for Regional Forecasting.  Description: Employment growth in Houston minus growth in the U.S. and Texas.  Revisions: Monthly.  Frequency: Monthly.

TEXAS RELATIVE POWER INDEX
Source: U.S. Bureau of Labor Statistics and UH CPP Institute for Regional Forecasting.  Description: Employment growth in Texas minus growth in the U.S.  Revisions: Monthly.  Frequency: Monthly.

DALLAS-FT WORTH RELATIVE POWER INDEX
Source: U.S. Bureau of Labor Statistics and UH CPP Institute for Regional Forecasting.  Description: Employment growth in Dallas/Ft Worth minus growth in the U.S. and Texas.  Revisions: Monthly.  Frequency: Monthly.


National Indicators, Trade with Mexico

U.S. MONTHLY EXPORTS TO MEXICO AND IMPORTS FROM MEXICO, Not Seasonally Adjusted
Source: This data is taken from the Department of Commerce, Bureau of the Census monthly FT900 report.  Revisions: Monthly.  Frequency: Monthly.

U.S. DOLLAR - MEXICAN PESO RATE
Description: This is a monthly average of the noon buying rate in New York City certified by the Federal Reserve Bank of New York for customs purposes for cable transfers payable in foreign currencies.  Weekends and holidays are excluded from the average.  Frequency: Monthly

IMPUTED HOUSTON REAL DOLLAR EXPORTS TO MEXICO, 1987=100
Description: Most foreign trade statistics are only published as low as the state level.  On occasion, the International Trade Division of the Department of Commerce will calculate regional trade statistics to the two-digit Standard Industrial Classification level, and Houston has been included as one of the regions.  IRF is able to compare these figures to similar Texas data, and thus obtain weights, which can be applied to quarterly trade statistics.  IRF then uses a deflator to control for inflation.  Revisions: Quarterly.  Frequency: Quarterly.

GROSS DOMESTIC PRODUCT — MEXICO, Real Annual Growth
Description: Real Peso growth in the Mexican Gross Domestic Product. This corresponds closely with the U.S. concept of GDP. Revisions: Quarterly.  Frequency: Quarterly.