Texas Job Growth Slows, Federal Reserve Bank of Dallas Updates Employment Forecast
What happened
The Federal Reserve Bank of Dallas released a new Texas Employment Forecast. Luis Torres reported that job growth slowed in Texas in September, with the state losing 18,900 jobs while 15,800 people joined the workforce. This slowed year-to-date job growth to 0.8 percent, which is below the state's historical average of 2 percent. The latest forecast predicts a 0.9 percent job increase in 2026.
From fox26houston.com
Why it matters
The report indicates that job growth has moderated across most sectors in Texas, consistent with labor supply constraints. The Federal Reserve Bank of Dallas lowered its employment forecast for the state following the September job losses, while manufacturing remained a bright spot due to oil and gas activity.
From fox26houston.com
Who's involved
- TexasThe state whose labor market is being analyzed.
- Federal Reserve BankThe regional bank that released the employment forecast.
- Luis TorresSenior business economist who released the employment forecast.
- Texas Workforce CommissionThe governmental agency that compiled the underlying job data.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TexasSpeculative
The employment slowdown might negatively affect the state's overall economic outlook.
- JETSpeculative
Labor market slowdown might reduce demand for JET-funded services or grants.
- Collin CollegeSpeculative
Labor market slowdown might reduce demand for Collin College-funded training programs.
- Tarrant County CollegeSpeculative
Labor market slowdown might reduce demand for Tarrant County College-funded training programs.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New Texas job data may challenge Abbott's economic strength claimsNew Texas job data may challenge Abbott's economic strength claimsPossible
- Slowing Texas job growth may influence Federal Open Market CommitteeSlowing Texas job growth may influence the Federal Open Market Committee's policy outlookPossible
- Collin College may see reduced demand amid Texas job slowdownCollin College may face reduced demand amid Texas job slowdownPossible
- Slowing Texas job growth could temper inflation risksModerating job growth in Texas may ease future inflationary pressures.Possible
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The entities involved
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Texas
state of the United States of America
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Federal Reserve Bank
regional bank of the U.S. Federal Reserve System
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Luis Torres
researcher (ORCID 0000-0001-9945-7331)
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