Dallas Fed: Texas adds 89,500 jobs in September, employment forecast strengthens

Federal Reserve Bank of Dallas
Photo credit Federal Reserve Bank of Dallas

Texas added 89,500 jobs in September, according to seasonally adjusted and benchmarked payroll employment numbers released by the Federal Reserve Bank of Dallas.

The state added a revised 31,300 jobs in August for a total of 416,000 jobs added this year to date.

According to the Federal Reserve Bank of Dallas, using a top-down model based on national forecasts, COVID-19 hospitalizations and oil futures prices, the Texas Employment Forecast estimates that jobs will increase by 5.1% in 2021, with an 80% confidence band of 4.6 to 5.6%.

Find out more from our media partners NBCDFW here.

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Featured Image Photo Credit: Federal Reserve Bank of Dallas