Texas employment predicted to grow 2.7 percent

​​​​​​​DALLAS – Texas employment will grow 2.7​ percent this year, according to the Texas Employment Forecast by the Federal Reserve Bank of Dallas. 

The prediction comes after incorporating September’s​ ​​annualized employment growth of 1.7​​ percent. 

"Monthly job growth has been volatile over the past few months with a weakening in July, a sharp bounceback in August,​ and then a slowing in September," said Keith R. Phillips, Dallas Fed assistant vice president and senior economist. "Looking at the past three months, job growth was 2.4 percent—moderately slower than the 3.1 percent in the first half of the year. Jo​​​​b growth has been broad-based across metro areas with particular strength in Houston, which has grown at an annual rate of 3.9 percent over the past three months and 3.6 percent so far this year."​​​​

Based on the forecast, the state will add 336,3​00 jobs this year. Employment in December 2018 will reach 12.7 million.​