Texas job growth slowing in 2019

​​​​DALLAS – Texas employment will grow 1.1 percent this year, according to the Texas Employment Forecast by the Federal Reserve Bank of Dallas. 

The prediction comes after incorporating December 2018’s annualized employment growth of 2.5 percent. 

According to Dallas Fed Assistant Vice President and Senior Economist Keith R. Phillips, Texas is beginning 2019 with increased uncertainty due to the fourth-quarter decline in oil prices, trade uncertainty, and volatility in financial markets.

“Economic conditions will likely differ across the state this year as labor constraints limit growth along the I-35 corridor and low oil prices slow growth in oil-producing regions," said Phillips.

Based on the forecast, the state will add 137,000 jobs this year. Employment in December 2019 will reach 12.8 million.