Texas employers are expected to create 518,000 new jobs this year, an eye-popping gain after one of the most volatile years in recorded history for the nation’s economy, the Dallas Morning News reports.
Federal Reserve Bank of Dallas economist Keith R. Phillips said Friday that Texas is likely to see economic growth accelerate in the second half of this year.
“As we go forward with more and more vaccinations, it could be a very strong second half,” Phillips told viewers during a Fed presentation.
Tweeting about the economist's report, Gov. Greg Abbott was gleeful.
"Texas’ most reliable economist expects ‘very strong’ recovery for state in second half of 2021. Count on it. The Texas economy is about to skyrocket."
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