A new report shows the number of employed Texans remained virtually unchanged from July to August, while unemployment ticked up slightly.
A new report from the Federal Reserve Bank of Dallas said Texas’ economy is showing signs of slowing., our daily newsletter that keeps readers up to speed on the most essential Texas news.
“While official statistics have yet to show a meaningful easing of price pressures in our region, our surveys suggest a rapidly increasing share of Texas companies are refraining from increasing prices,” she said in the video. Meanwhile, a smaller percentage of employers gave their employees raises in August compared to July, the report said. Only 38% of manufacturing firms and 29% of service companies boosted wages in August, the lowest monthly figures since spring 2021.
While the August numbers may signal a coming recession, Orrenius said in an interview Thursday that it’s “far too early to say.”
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