Recoveries don’t last forever.
The Texas economy, which was waylaid by the pandemic in early 2020, was hitting on all cylinders during the rebound that followed.
Nonfarm employment grew 6% in 2021, more than making up for the retreat the year before. This year, the state is on pace to grow jobs by 3.5%, which translates into adding 452,000 positions statewide, according to projections by the Federal Reserve Bank of Dallas.
