Texas job growth expected to slow in 2023, report shows

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Texas job growth expected to slow in 2023, report shows
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Economists say it is a good time to prepare for a potential recession.

Texas job growth is expected to slow in 2023, according to a report this month from the Dallas Federal Reserve Bank.Texas job growth is expected to slow down going into 2023, according to a forecast released this month by theEconomists say it is a good time to prepare for a potential recession, but the combination of soaring inflation with low unemployment is unprecedented, which makes forecasting the future difficult.

Over the last year, the Lone Star state will add 556,000 jobs over last year, according to projections. That is 4.3% increase in 2022. She told business leaders she is working to address their concerns about supply chain and labor shortages, as well as inflation.

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