Following a winter-storm-related contraction in February, Texas employment rebounded in March, expanding an annualized 11.3 percent, compared with 8 percent for the U.S.
The growth in March was the strongest since June 2020 and contributed to an overall employment gain of 4.7 percent in the first quarter.
As a result of the strong performance and other economic tailwinds, the 2021 Texas employment forecast improved to 6.6 percent growth from 6.0 percent.
Read more...Texas Economic Activity Springs Ahead as Growth Strengthens via Dallas Fed
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