2015 Texas Job Growth Forecast Still Healthy Despite Oil Price Shock, Says Dallas Fed via Dallas Fed

Texas job growth is expected to moderate but remain healthy in 2015 as lower oil prices slow growth, said Federal Reserve Bank of Dallas senior economist and research officer Keith Phillips today in San Antonio.

Phillips presented the Bank’s annual Texas Economic Outlook before local business leaders at the Dallas Fed’s San Antonio Branch.

Texas job growth will likely slow from about 3.6 percent in 2014 to between 2 and 2.5 percent in 2015, Phillips said. That equates to about 235,000 to 295,000 new jobs in Texas in 2015, down from an estimated 408,000 jobs created in 2014.

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