What, Dallas worry?
Oil prices have cratered since last summer, and energy companies have cut thousands of jobs and shut down hundreds of drilling rigs. As a result, job growth for Texas, the nation’s top oil and gas producer, is projected to be about half of last year’s rate.
Yet Dallas is sitting pretty. While not unaffected by low oil prices, it’s much less vulnerable than Houston, Midland and the state at large.
Give credit to a diversified job base and a steady stream of newcomers that add pop to the growth story.
Read more...Schnurman: Amid low oil prices, Dallas is bright spot | Dallas Morning News
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