AUSTIN – The state’s job growth is expected to surpass that of the United States as a whole, according to the Federal Reserve Bank of Dallas, despite jobless claims increasing.
In prepared remarks, Gov. Greg Abbott attributed Texas’ economic success to “hardworking Texans” and strategic economic development tools.
He said, the state pursues international partnerships to bolster economic growth, exemplified by a new partnership with France.
“By signing this statement of intent,” Abbott said, “it will encourage foreign business investment, promote economic development projects, and increase trade opportunities between Texas and France.”
The state maintains its top business climate rating, although the economy shows some signs of slowing. Gas and petroleum wholesale, oil drilling, and gas extraction/petroleum refining are Texas’ largest industries based on revenue, according to IBISWorld.