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Dallas Fed: 3.3 percent job growth predicted for TexasDallas Fed: 3.3 percent job growth predicted for Texashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=204122018-06-21T05:00:00Z2018-06-21T13:00:00Z

​​DALLAS – Texas employment will grow 3.3 percent this year, according to the Texas Employment Forecast by the Federal Reserve Bank of Dallas. 

The prediction fell from 3.6 percent after incorporating May's annualized employment growth of 3.2 percent. 

"Texas job growth continued at a strong pace in May," said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. "However, growth has slipped a little over the past three months, which, along with a slowdown in the Texas Leading Index, has resulted in a slight downward revision to the 2018 forecast."​

Based on the forecast, the state will add 412,000 jobs this year. Employment in December 2018 will reach 12.7 million.

The estimate is significantly higher than 2017's 1.9 percent job growth. That number was recently revised down from 2.1 percent.

Federal Reserve Bank of Dallas
Texas
Employment
https://www.dallasfed.org/research/forecast/2018/emp180615Read more at {Source}

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