Texas has added a lot of jobs lately — but hiring could slow later this year. | nachoaguilar
“That's like the labor market on steroids,” she told The Texas Newsroom. “We're seeing jobs added in every industry. So, it's not true that it's just the low-skill industries or the low-wage industries. It's every industry adding.”
“There's contraction in the mortgage lending and refinance business and that's makes total sense with the interest rates going up,” she said. “But the rest of the labor market is really still and, in general, just doing extremely well, especially in our region.”“When oil prices are high and gas prices are high, even though consumers are hurt in our state on that, we benefit because we're a huge producer and exporter of those products,” said Orrenius.
“The Texas economy continued to expand in June and July though at a slower pace than earlier this year,”. “Supply chain bottle necks and staffing shortages continue to be challenges. Business outlooks turned negative in June and remained there in July.”
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