‘Uncertain Waters': Texas Job Growth Is Expected to Slow in 2019

Texas employment gains are expected to slow down in 2019, adding as few as 113,671 jobs amid declining oil prices and labor constraints in the I-35 corridor.Job growth is projected to be 0.9 percent to 1.9 percent in the next year, a marked drop from last year's 2.4 percent growth, according to Federal Reserve Bank of Dallas assistant vice president and senior economist Keith Phillips.Texas is expected to add 113,671 to 239,972 jobs this year, the bank announced in a statement that characterized the state economy as entering "uncharted waters." Population growth in Texas over the last decade has largely followed the state's consistent job creation record during and after the 2008 financial collapse.  Continue reading...