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Texas Economy Shows Resilience: Job Growth Slows, Inflation Cools, and Legislative Session Begins
In Texas, the economy is showing resilience despite a slowdown, according to Luis Torres, Senior Business Economist with the Dallas Federal Reserve Bank – San Antonio Branch. Speaking at the Hays Caldwell Economic Development Partnership (HCEDP) Economic Outlook, Torres noted that while job creation has eased, inflation is cooling, and the state’s economy continues to outperform the national average in key areas[1].
The Texas Legislature has kicked off its 89th regular session, which runs from January 14 to June 2, 2025. Republicans control both the Texas House and Senate, and the session is expected to focus on conservative priorities such as debating school vouchers, improving the state’s water supply, and reining in property taxes[4].
In business news, Texas employment saw a slight increase in November, surpassing October’s numbers but at a slower rate than usual. The state's annual employment growth rate for 2024 is projected at 1.6%, below the typical 2% trend but still ahead of the U.S. average[1]. The energy sector remains optimistic about 2025, with oil prices forecast to stabilize around $71 per barrel.
On the environmental front, the Rio Grande Valley is expected to experience warmer and drier conditions than normal from January to March 2025, with drought concerns increasing through the winter and early spring season[2]. The Texas Water Development Board has reported that reservoir levels are at or below 30-year lows, and total storage is expected to remain at or near record lows through March.
Looking Ahead:
- The Federal Reserve Bank of Dallas will hold its annual Texas Economic Outlook event on February 7, 2025, where Pia Orrenius, vice president and senior economist, will release the Dallas Fed's forecast for Texas employment growth for the year[5].
- The Texas Legislature will continue to address pressing issues such as water supply and property taxes, with significant policy changes expected in the coming months[4].
- Weather conditions in the Rio Grande Valley will be closely monitored, with potential for cold snaps and increased wildfire risk through March 2025[2].
This content was created in partnership and with the help of Artificial Intelligence AI
The Texas Legislature has kicked off its 89th regular session, which runs from January 14 to June 2, 2025. Republicans control both the Texas House and Senate, and the session is expected to focus on conservative priorities such as debating school vouchers, improving the state’s water supply, and reining in property taxes[4].
In business news, Texas employment saw a slight increase in November, surpassing October’s numbers but at a slower rate than usual. The state's annual employment growth rate for 2024 is projected at 1.6%, below the typical 2% trend but still ahead of the U.S. average[1]. The energy sector remains optimistic about 2025, with oil prices forecast to stabilize around $71 per barrel.
On the environmental front, the Rio Grande Valley is expected to experience warmer and drier conditions than normal from January to March 2025, with drought concerns increasing through the winter and early spring season[2]. The Texas Water Development Board has reported that reservoir levels are at or below 30-year lows, and total storage is expected to remain at or near record lows through March.
Looking Ahead:
- The Federal Reserve Bank of Dallas will hold its annual Texas Economic Outlook event on February 7, 2025, where Pia Orrenius, vice president and senior economist, will release the Dallas Fed's forecast for Texas employment growth for the year[5].
- The Texas Legislature will continue to address pressing issues such as water supply and property taxes, with significant policy changes expected in the coming months[4].
- Weather conditions in the Rio Grande Valley will be closely monitored, with potential for cold snaps and increased wildfire risk through March 2025[2].
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiIn Texas, the economy is showing resilience despite a slowdown, according to Luis Torres, Senior Business Economist with the Dallas Federal Reserve Bank – San Antonio Branch. Speaking at the Hays Caldwell Economic Development Partnership (HCEDP) Economic Outlook, Torres noted that while job creation has eased, inflation is cooling, and the state’s economy continues to outperform the national average in key areas[1].
The Texas Legislature has kicked off its 89th regular session, which runs from January 14 to June 2, 2025. Republicans control both the Texas House and Senate, and the session is expected to focus on conservative priorities such as debating school vouchers, improving the state’s water supply, and reining in property taxes[4].
In business news, Texas employment saw a slight increase in November, surpassing October’s numbers but at a slower rate than usual. The state's annual employment growth rate for 2024 is projected at 1.6%, below the typical 2% trend but still ahead of the U.S. average[1]. The energy sector remains optimistic about 2025, with oil prices forecast to stabilize around $71 per barrel.
On the environmental front, the Rio Grande Valley is expected to experience warmer and drier conditions than normal from January to March 2025, with drought concerns increasing through the winter and early spring season[2]. The Texas Water Development Board has reported that reservoir levels are at or below 30-year lows, and total storage is expected to remain at or near record lows through March.
Looking Ahead:
- The Federal Reserve Bank of Dallas will hold its annual Texas Economic Outlook event on February 7, 2025, where Pia Orrenius, vice president and senior economist, will release the Dallas Fed's forecast for Texas employment growth for the year[5].
- The Texas Legislature will continue to address pressing issues such as water supply and property taxes, with significant policy changes expected in the coming months[4].
- Weather conditions in the Rio Grande Valley will be closely monitored, with potential for cold snaps and increased wildfire risk through March 2025[2].
This content was created in partnership and with the help of Artificial Intelligence AI
The Texas Legislature has kicked off its 89th regular session, which runs from January 14 to June 2, 2025. Republicans control both the Texas House and Senate, and the session is expected to focus on conservative priorities such as debating school vouchers, improving the state’s water supply, and reining in property taxes[4].
In business news, Texas employment saw a slight increase in November, surpassing October’s numbers but at a slower rate than usual. The state's annual employment growth rate for 2024 is projected at 1.6%, below the typical 2% trend but still ahead of the U.S. average[1]. The energy sector remains optimistic about 2025, with oil prices forecast to stabilize around $71 per barrel.
On the environmental front, the Rio Grande Valley is expected to experience warmer and drier conditions than normal from January to March 2025, with drought concerns increasing through the winter and early spring season[2]. The Texas Water Development Board has reported that reservoir levels are at or below 30-year lows, and total storage is expected to remain at or near record lows through March.
Looking Ahead:
- The Federal Reserve Bank of Dallas will hold its annual Texas Economic Outlook event on February 7, 2025, where Pia Orrenius, vice president and senior economist, will release the Dallas Fed's forecast for Texas employment growth for the year[5].
- The Texas Legislature will continue to address pressing issues such as water supply and property taxes, with significant policy changes expected in the coming months[4].
- Weather conditions in the Rio Grande Valley will be closely monitored, with potential for cold snaps and increased wildfire risk through March 2025[2].
This content was created in partnership and with the help of Artificial Intelligence AI