Texas’ economic growth is slowing but remains resilient, according to Luis Torres of the Dallas Federal Reserve. Speaking at the HCEDP Economic Outlook event, he highlighted cooling inflation and continued job creation, though at a slower pace.
Key Trends & Outlook
In 2024, Texas experienced a 1.7% increase in employment, adding over 244,000 jobs. This growth was slightly below the state’s long-term average of 2.0%.While manufacturing is flat, the service sector is expanding, and businesses expect improved margins. Houston and Fort Worth lead growth, while Austin’s tech sector has slowed. The energy sector remains optimistic, with oil prices stabilizing around $71 per barrel.
Inflation is declining (2.7%), and wages are expected to rise, supporting consumer confidence. Looking ahead, 60% of Texas businesses anticipate higher demand in early 2025.
Debate Over Slowdown
A panel of Texas economic leaders challenged the slowdown narrative. Aaron Demerson, President of the Texas Economic Development Corporation, insisted Texas remains strong, crediting workforce, economic development, and education partnerships for continued success.
Despite challenges, Texas continues to outpace the national economy and remains a top hub for business growth.
Published on:
February 27, 2025
Other Related Articles

Ready to Build Your Next American Facility?
Contact QBS Consulting Group to discuss your manufacturing objectives.

Designed and maintained by
Site&Sold

Ready to Build Your Next American Facility?
Contact QBS Consulting Group to discuss your manufacturing objectives.

Designed and maintained by
Site&Sold

Ready to Build Your Next American Facility?
Contact QBS Consulting Group to discuss your manufacturing objectives.

Designed and maintained by
Site&Sold












