The state will likely see the two years of post-pandemic growth start to decelerate, according to Roberto Coronado, senior vice president and senior economist for the Federal Reserve Bank of Dallas. Coronado also cited lowering inflation rates as a top priority for the Dallas Fed.
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Even as its unemployment rate holds at 4.1% — which is above the national average of 3.8% — Texas has led the country in job growth over the past year, according to areleased last week. The state logged more than 400,000 new jobs from August 2022 to August 2023. By 2030, two-thirds of jobs in Texas will require some sort of postsecondary education, but about half of Texans currently have that level of education, he said. On the other hand, Coronado said, about one-third of high-wage, high-demand jobs will not require a bachelor’s degree by 2028 — with most of these jobs concentrated in technical fields like manufacturing and construction.
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