Lackluster employment numbers signal economic slowdown for Texas, Dallas Fed says

A new report from the Federal Reserve Bank of Dallas said Texas’ economy is showing signs of slowing. (Credit: Ben Torres for The Texas Tribune)

A lack of employment growth and a slight increase in unemployment from July to August, along with fewer employers raising wages, are signs that Texas’ economy is slowing, economists at the Federal Reserve Bank of Dallas said in a report released Thursday.

The report, written by Pia Orrenius, the Dallas Fed vice president and senior economist, and Research Analyst Ana Pranger, said the number of employed Texans held steady at around 13.5 million last month, while the state’s unemployment rate increased from 4% in July to 4.1% in August.