The Dallas Fed's Texas Employment Forecast says job growth in Texas has slowed: 15,800 people joined the workforce in September, but the state lost 18,900 jobs that month. Year-to-date job growth is 0.8%, well below the state's long-run average of 2%, with government and construction posting the largest declines and manufacturing a bright spot. Dallas Fed senior business economist Luis Torres linked the slowdown to labor supply constraints, partly from sharply lower immigration. The latest forecast sees 0.9% job growth in 2026, down from the previous month's forecast, and the unemployment rate remains at 4.4%. Governor Greg Abbott cited 154,300 non-farm jobs added over the past year, a rate 0.8 percentage points above the national rate.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Texas employment growth drops below long - term average as 19 , 000 jobs shed : Dallas Fed
Read the original on fox26houston.com ↗
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DXY
• NeutralRelevance: low
| Market | Currencies |
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| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
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| Close on 10/21/2026 | 4,141.17 |
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