Jan 13, 2017
Texas projected to add 242,000 jobs in 2017
TEXAS – Texas’ economy is projected to add nearly 50,000 more jobs in 2017 than employers in the state did last year, according to Dallas Fed Senior Economist Keith Phillips with the...
TEXAS – Texas’ economy is projected to add nearly 50,000 more jobs in 2017 than employers in the state did last year, according to Dallas Fed Senior Economist Keith Phillips with the Federal Reserve Bank of Dallas.
The boost would be mainly due to a rebound in the energy market as oil and gas companies put more of their struggles behind them. Jobs picked up in the back half of last year as oil prices turned north, Phillips said.
Production cuts abroad and the prospect of lighter oversight of the industry has led to an uptick in new openings already.
The rebound in Texas, buoyed by growth in Dallas through Austin and among service-sector jobs, put the state back above other energy-producing states, according to Dallas Fed data.
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