Dallas Fed Economist: Slower Growth Ahead for Texas Economy as Impact of Low Oil Prices Spreads via Dallas Fed

Texas will likely see continued job growth this year, but at a slower pace as the impacts of low oil prices ripple through the economy, said Federal Reserve Bank of Dallas economist Emily Kerr in the Bank’s latest Texas Economic Update video.

State job growth has slowed to a 1.1 percent annualized pace in the first quarter of 2016, according to the Dallas Fed’s most recent Regional Economic Update. That’s down from 1.3 percent growth in 2015 and 3.7 percent growth in 2014, when oil prices were still high for much of the year.

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