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Dan Zehr

Finance & economy reporter

Dan Zehr covers finance and the economy for the Austin American-Statesman. He rejoined the Statesman in March 2012 after three years in California. In his previous, five-year tour at the Statesman, Zehr wrote primarily about Dell and the personal-computer industry. Between the two terms at the newspaper, he collaborated on three book projects -- two on the corporate use of social media and one on the consumer market opportunities in the Arab League countries.

Latest from Dan Zehr

Rising sales at retail stores keep state’s service sector growing
 Texas retailers reported a sixth consecutive month of rising retail sales during April, helping extend the long streak of expansion across the state’s service sector, according to a report Tuesday from the Federal Reserve Bank of Dallas. The state revenue index, a key measure of activity among private, service-providing firms in Texas...

Posted: 23 hours ago

Texas retailers reported a sixth consecutive month of rising retail sales during April, helping extend the long streak of expansion across the state’s service sector, according to a report Tuesday from the Federal Reserve Bank of Dallas. The state revenue index, a key measure of activity among private, service-providing firms in Texas...
Rising demand builds optimism among Texas manufacturers
 Texas factory activity expanded again in April as manufacturers saw an increase in orders and kept hiring to fulfill the growing demand, according to a monthly report released Monday by the Federal Reserve Bank of Dallas. The state production index, a key measure of business at plants statewide, dipped to a reading of 15.4 in April from 18...

Posted: a day ago

Texas factory activity expanded again in April as manufacturers saw an increase in orders and kept hiring to fulfill the growing demand, according to a monthly report released Monday by the Federal Reserve Bank of Dallas. The state production index, a key measure of business at plants statewide, dipped to a reading of 15.4 in April from 18...
Austin’s Credit Shop grows into major player in credit card industry
 Daniel Duncan left the financial capital of the world for the high-tech capital of Texas in 1992, opting for Austin’s laid-back lifestyle and a chance to launch a venture that blended his finance expertise with the technical resources here. He still enjoys life in Central Texas, and his latest startup still features a vital high-tech...

Posted: 4 days ago

Daniel Duncan left the financial capital of the world for the high-tech capital of Texas in 1992, opting for Austin’s laid-back lifestyle and a chance to launch a venture that blended his finance expertise with the technical resources here. He still enjoys life in Central Texas, and his latest startup still features a vital high-tech...
Austin employers boost hiring, but jobless rolls remain elevated
 Austin-area employers keep adding jobs fast enough to absorb the region’s expanding labor pool, but recent workforce data suggest a job market that’s increasingly skewed toward skilled workers despite the region’s broad-based payroll growth. While the competition for white-collar and high-tech talent raged on during the...

Posted: 4 days ago

Austin-area employers keep adding jobs fast enough to absorb the region’s expanding labor pool, but recent workforce data suggest a job market that’s increasingly skewed toward skilled workers despite the region’s broad-based payroll growth. While the competition for white-collar and high-tech talent raged on during the...
NEW NOW: March job growth sends Austin’s jobless rate lower
 A broad cross-section of Central Texas employers ramped up the pace of local job creation in March, helping nudge the metro area’s unemployment rate lower. Austin-area employers added 9,500 jobs during the month, expanding payrolls by a stronger-than-average 0.9 percent during the month, according to preliminary data released Friday...

Posted: 5 days ago

A broad cross-section of Central Texas employers ramped up the pace of local job creation in March, helping nudge the metro area’s unemployment rate lower. Austin-area employers added 9,500 jobs during the month, expanding payrolls by a stronger-than-average 0.9 percent during the month, according to preliminary data released Friday...
Dallas Fed: Oil recovery adds momentum to region’s growing economy
 The energy sector’s continued stabilization, an increase in retail sales and solid demand across a wide spectrum of industries boosted regional economic activity in recent weeks, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal survey of the economy compiled every...

Posted: 6 days ago

The energy sector’s continued stabilization, an increase in retail sales and solid demand across a wide spectrum of industries boosted regional economic activity in recent weeks, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal survey of the economy compiled every...
Texas job program shows unusually strong, lasting gains, study finds
 A new study finds that the model for a handful of workforce-training initiatives in Texas — including one in Austin — not only lifted low-income residents to middle-class careers, it also led to earnings advantages that expanded over time, making it perhaps the first job-training program in the country to show sustained increases...

Posted: 7 days ago

A new study finds that the model for a handful of workforce-training initiatives in Texas — including one in Austin — not only lifted low-income residents to middle-class careers, it also led to earnings advantages that expanded over time, making it perhaps the first job-training program in the country to show sustained increases...
Austin City Council approves incentives to bring Merck tech center
 The Austin City Council voted 7-3 Thursday to approve an incentives package potentially worth up to $856,000 to pharmaceutical giant Merck Sharp & Dohme Corp., which is promising to bring at least 600 new jobs to the city. The agreement, Austin’s first major corporate incentives grant since 2014, would pay $200 a year for each...

Posted: 12 days ago

The Austin City Council voted 7-3 Thursday to approve an incentives package potentially worth up to $856,000 to pharmaceutical giant Merck Sharp & Dohme Corp., which is promising to bring at least 600 new jobs to the city. The agreement, Austin’s first major corporate incentives grant since 2014, would pay $200 a year for each...
NYSE execs talk Austin, national IPO activity
 A day before their April 4 meeting with President Donald Trump and members of Congress, executives from the New York Stock Exchange stopped by Austin to meet with political and business leaders in Texas. During their visit, NYSE President Tom Farley and John Tuttle, the exchange’s global head of listings, spoke with the  American-Statesman...

Posted: 18 days ago

A day before their April 4 meeting with President Donald Trump and members of Congress, executives from the New York Stock Exchange stopped by Austin to meet with political and business leaders in Texas. During their visit, NYSE President Tom Farley and John Tuttle, the exchange’s global head of listings, spoke with the American-Statesman...
Merck tech center would create 600 jobs, boost Austin medical district

Posted: 25 days ago

One of the world’s largest pharmaceutical companies has targeted Austin for a major new technology center, citing its “strong interest” in helping reshape health care and develop the new innovation district emerging around the Dell Medical School. Merck Sharp & Dohme Corp. has asked the city for $856,000 in incentives over...
Merck mulling 600-job IT center in Austin; will seek city incentives
 Merck, the global pharmaceutical and health care firm, is considering Austin for a new technology center that could create up to 600 jobs and serve as a major anchor for the innovation district emerging around the Dell Medical School. According to city fillings made public this morning, Merck will request $856,000 from the city in performance-based...

Posted: 26 days ago

Merck, the global pharmaceutical and health care firm, is considering Austin for a new technology center that could create up to 600 jobs and serve as a major anchor for the innovation district emerging around the Dell Medical School. According to city fillings made public this morning, Merck will request $856,000 from the city in performance-based...