Federal Reserves Say 57,000 Jobs Were Added in Texas in Last Two Months
In a release, the Federal Reserve Bank of Dallas trumpeted the news: Texas added 25,700 new jobs in August according to their figures.
Even better news: the total number of jobs added for July was adjusted upward to 31,300.
The stars at night are big and bright... and so is our future!
“The recent pickup in job growth and the slight upward revision to the leading index continue to suggest that Texas will finish the second half of the year much stronger than the first,” said Keith R. Phillips, Dallas Fed assistant vice president and economist in a release. The growth of about two percent should be expected for the rest of 2016.
"With the stabilization of the energy sector in the second and third quarters, the economy is expected to continue to improve in the months ahead," said Phillips.
Yet not all is sunny: unemployment rates increased in seven of the nine major Texas metropolitan areas in August, according to seasonally adjusted numbers from the Fed. Only McAllen was up and El Paso was flat.
For more information, visit the Dallas Fed's website.