Dallas Fed: Texas Adds 10,700 Jobs in April; State Employment Forecast Revised Up to 1.5 Percent for 2016 via Dallas Fed

Texas added 10,700 jobs in April, according to seasonally adjusted and benchmarked payroll employment numbers released today by the Federal Reserve Bank of Dallas.

The state added a revised 1,000 jobs in March. Year to date in 2016, jobs have grown at an annualized pace of 1.1 percent after growing 1.3 percent in 2015. The monthly annualized growth rate in April was 1.1 percent.

Incorporating April’s employment data, the Texas employment forecast stands at 1.5 percent growth for 2016, suggesting 179,000 jobs will be added in Texas this year. This is an upward revision from the 1.0 percent forecast that was released by the Bank in April.

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