Dallas Fed Raises 2026 Employment Projection for Texas

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The Federal Reserve Bank of Dallas has increased its estimate for Texas employment growth in 2026. It now projects growth of 1.9% through December 2026, with an 80% confidence band of 1.1% to 2.7%. The growth estimate equates to 278,400 new jobs. In its prior forecast of February 6, 2026, the Dallas Fed projected 2026 job growth of 1.1% or 154,600 new jobs. The Dallas Fed’s upgraded growth projection is due, in part, to an increase in its Texas Leading Index in the three-month period ending January.

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