DALLAS – Latest Texas Workforce Commission (TWC) numbers show the state’s job growth slowed from February to March, but researchers with the Texas Real Estate Research Center (TRERC) are optimistic about the state’s economic future.
TRERC Research Director Dr. Daniel Oney said population growth and migration continue to bring demand for goods and services that creates jobs. He said his research team doesn’t expect a hard recession in Texas, but instead more of a soft landing.
“We’re right there at the top on a lot of these metrics, and we’ll start seeing some of them get worse a little bit over the year,” Oney said. “I still expect Texas to perform better than the country in terms of employment.”
Some findings from the TWC’s latest report:
- The state added more than 28,600 positions in March, a 51 percent decline in job growth from February.
- Texas has added 575,100 jobs over the last 12 months.
- The state’s year-over-year employment growth in March outpaced the nation in all 11 major industries.