Economist Expects Slower Texas Jobs Growth

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DALLAS (AP) – An economist at the Federal Reserve Bank of Dallas expects jobs in Texas to grow at a slightly slower pace than last year, but still at a faster pace than the nation overall.

Keith R. Phillips issued his projections in an article published this week for the Dallas Fed.

Phillips says jobs grew 3.1 percent last year, and the state unemployment rate fell from 7.4 percent at the end of 2011 to 6.1 percent a year later. Texas produced more jobs last year than all but two states: North Dakota and Utah.

He predicts job growth will slow this year because manufacturing and energy extraction will slow down, although construction is up.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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