‘Soft Landing’ for Texas Economy, Dallas Fed Forecasts

The United States and Texas state flags fly outside the state Capitol building in Austin, Texas, on July 12, 2021. Sergio Flores/Getty Images

The Texas economy is expected to make a “soft landing” this year, according to the Federal Reserve Bank of Dallas.

Job increases are slowing. The bank expects jobs to grow by 1.4 percent this year, significantly lower than last year’s 3.5 percent job growth and below the state’s annual 2 percent trend.