The state will add nearly 284,000 jobs this year, a 2% increase from 2023, the Federal Reserve Bank of Dallas Fed projects.
Texas outpaced the nation as a whole in job growth last year and ranked fifth among U.S. states in the number of jobs addedTexas will likely add jobs at a slower pace in 2024 after years of robust employment growth, the Federal Reserve Bank of Dallas said Friday.
“We’re cleared for landing, landing back to our long run trend rate of growth,” Pia Orrenius, Dallas Fed vice president and senior economist, said Friday. There are other bright spots in the state’s economy, according to the Dallas Fed. Texas oil and gas production surpassed pre-pandemic peaks in 2023, Orrenius said, and the sector continues to add jobs.
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