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Posted on: June 5, 2019

Texas Will Add 294,100 Jobs In 2019, Dallas Fed Says

Texas will add 294,100 jobs in 2019, the Federal Reserve Bank of Dallas forecast recently. Texas employment will jump by 2.3 percent, reaching 12.9 million by December 2019.

“The Texas Employment Forecast suggests jobs will grow 2.3 percent this year (December/December), with an 80 percent confidence band of 1.3 to 3.3 percent,” the Dallas Fed said.

“Job growth in the fourth quarter of 2018 was 2.6 percent instead of 2.4 percent,” said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. “This small revision, along with continued gains in job growth and leading indicators, has resulted in a further increase in the job forecast for this year. While the manufacturing and mining sectors will likely slow from very strong growth in 2018, the overall economy is expected to remain quite strong. The current forecast suggests job growth this year will equal that of 2018. Gains likely would be even stronger, however, if it were not for the historically tight labor markets that have left many job openings unfilled.”  

Source: Federal Reserve Bank of Dallas

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