Texas managed to add jobs in 2015 despite sharply falling oil prices — but that might not be the case this year, if prices average less than $30 per barrel, a new report says.
“Besides further decreasing energy and manufacturing employment, low oil prices could increase problem loans at financial institutions with exposure to the industry,” Keith R. Phillips and Christopher Slijk wrote in the most recent edition of Southwest Economy, which was released by the Federal Reserve Bank of Dallas.
Read more...Dallas Fed economists: Low oil prices ‘greatest risk’ to Texas job growth | | Dallas Morning News
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