Texas adds 78,400 jobs in June, Federal Reserve Bank of Dallas says
Texas added 78,400 jobs in the month of June according to payroll employment numbers released by the Federal Reserve Bank of Dallas Friday.
According to the report, the state added a revised total of 60,100 jobs in May. The state has added 370,500 jobs total in 2022. The Texas Employment Forecast predicts that jobs will increase by 4.5% in 2022, a slight increase from the previous projection of 4%. "Texas employment accelerated in June, bringing job growth in the second quarter to a robust 6%," said Christopher Slijk, Dallas Fed associate economist."Expansion in June was broad, with only construction seeing a decline. Nevertheless, growth is expected to slow in the second half of the year to 3.4% as headwinds from a weaker U.S. outlook, along with ongoing supply-chain and labor market challenges, put downward pressure on economic growth in Texas.
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