Federal Reserve Bank of Dallas: Texas Added 80,300 Jobs in July

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Federal Reserve Bank of Dallas: Texas Added 80,300 Jobs in July
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According to numbers recently released by the Federal Reserve Bank of Dallas, Texas added 80,300 jobs in July.

The Texas Employment Forecast estimates show that there will be a 5.2 percent increase in jobs in 2022, with an 80 percent confidence band of 4.5 to 5.8 percent. This estimate is higher than last month's projection of 4.5 percent.

"Texas employment continued to grow at a very strong rate, only moderating slightly from June's pace and bringing year-to-date job growth to a very robust 6.1 percent," said Christopher Slijk, Dallas Fed associate economist."Expansion in July continued to be broad-based across industries and major metro areas, with Fort Worth and Austin leading growth in the state.

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