The Latest Breaking News from Dallas Fed

Recoveries don’t last forever.

This was the year the Texas economy kept crushing it. Or so we thought.

Texas employers added 40,000 jobs in September, more than doubling the number added the previous month when hiring slowed to its lowest rate since early 2021.

A new report shows the number of employed Texans remained virtually unchanged from July to August, while unemployment ticked up slightly.

The Texas economy slowed last month with fewer service companies reporting increases in revenue and more manufacturers reporting declines in new orders, according to surveys by the Federal Reserve Bank of Dallas.

U.S. stocks pared losses toward the end of trading, with the Dow Jones dropping just 40 points on Monday.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Monday.

Higher interest rates are slowing the real estate business, but the job market is proving to be more resilient, especially in Texas.

In the Texas oil patch, average pay has always been higher than in most industries, and it’s apparently rising fast, according to a June energy survey by the Federal Reserve Bank of Dallas.