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Dallas Fed: Texas and El Paso job growth strong but outlook shows slowing; tariffs and migration are risks
Summary
A Federal Reserve Bank of Dallas presenter told the county court that Texas grew faster than the U.S. through April, El Paso jobs rose, but business surveys show weakening activity and rising uncertainty.
The Federal Reserve Bank of Dallas told El Paso County commissioners on Monday that Texas employment growth has been robust through April but business sentiment is softening and several policy risks could slow activity.
A Dallas Fed presenter (Federal Reserve Bank of Dallas) briefed the court on statewide and local labor and business metrics. The presenter said Texas grew at about 2.6% through April versus a longer-term trend near 2%, and that El Paso’s employment gain this year was about 2.4%, faster than the metro’s…
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