Category: texas economy

‘Soft Landing’ for Texas Economy, Dallas Fed Forecasts

February 6, 2023
Dallas Fedeconomyjobsoil and gasRegional & State NewsState NewsTexastexas economyTexas job growthUSUS News
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The Texas economy is expected to make a “soft landing” this year, according to the Federal Reserve Bank of Dallas. Job increases are slowing. The bank expects jobs to grow by 1.4 percent this year, significantly lower than last year’s 3.5 percent job growth and below the state’s annual 2 percent trend. “That is consistent with…

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Texas’ Economic Outlook Weakens, Dallas Fed Says

December 24, 2022
Dallas Federal Reserve BankeconomyFederal Reserve bankLocal NewsRegional-Local NewsTexastexas economyUSUS News
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The Texas economy has softened with lower labor demands and manufacturing output, according to the latest report from the Federal Reserve Bank of Dallas. On Thursday, the Dallas Fed said wage and price pressures have also eased, adding that it previously overestimated the state’s full-year job growth. “There is also evidence that Texas payroll job…

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Texas Oil and Gas Jobs See Biggest Leap in 10 Years, Historic Growth Due to ‘Strong Demand’

March 29, 2022
Business & Economycommoditieseconomyjobs creationLocal NewsMarketsoil and gas industriesoil and gas leasesRegional-Local NewsTexastexas economyUSUS News
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Jobs related to oil and gas in Texas have seen the biggest monthly increase in a decade, and the second-highest increase in at least 32 years, the Texas Oil and Gas Association (TXOGA) said citing data from the Texas Workforce Commission. Upstream oil and gas jobs in the state grew by 5,100 in February 2022…

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