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The surge Texas has been hoping for

About a week ago, Texas released its worst employment report in months, losing 27,500 jobs in February.

But that contraction may soon become a distant memory, because the economy finally seems ready to take off.

In a March survey by the Federal Reserve Bank of Dallas, Texas manufacturing executives reported big gains in output, new orders and shipments. On two key metrics — production and capacity utilization — the Dallas Fed index readings were the highest in the survey’s 17-year history. 

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