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Low Oil Prices Could Cripple Texas Job Growth

Oil Price -- Job growth in Texas is not exactly screeching to a halt, but low oil prices could start to lead to weaker employment figures.

¡°The Texas labor market will likely tighten further in the months ahead; however, if oil prices continue to linger around $50 per barrel, job growth in the state may begin to decelerate. Texas exports are also likely to weaken,¡± the Federal Reserve Bank of Dallas said in a report.

The oil and gas sector was one of the key drivers of job growth in Texas in 2018. But the crash of oil prices since October could throw sand in the gears of the Texas growth engine. The biggest question is how long the bust will last. If WTI rebounds in 2019, the impact on employment might not be that large. But the longer WTI wallows below $50, the more likely the energy sector will


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Submitted Dec 31, 2018 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Low Oil Prices Could Cripple Texas Job Growth Back to Topics
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badboy72714
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Message Posted: Jan 2, 2019 5:04:17 PM

Only time will tell.
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jukekamo
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Message Posted: Jan 2, 2019 4:04:33 PM

Oil prices are up and down!
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ceklea
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Message Posted: Jan 2, 2019 3:31:19 PM

Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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ceklea
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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ceklea
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ceklea
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ceklea
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ceklea
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ceklea
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ceklea
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Thank you for the report.
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ceklea
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Thank you for the report.
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reidlej
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Message Posted: Jan 2, 2019 2:52:16 PM

.
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BEGTWO
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Message Posted: Jan 2, 2019 12:39:11 PM

Yes, Bad For Them
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mrsle
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Message Posted: Jan 2, 2019 6:08:47 AM

like the prices at the pump myself
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BEGTWO
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Message Posted: Jan 1, 2019 10:39:46 AM

Bad For Them
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PDQBlues
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Message Posted: Jan 1, 2019 7:30:19 AM


JohnofGB: i would hope that there is more to Texas other than oil

There are. I would prefer lower prices nonetheless.

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dinah8270
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Message Posted: Jan 1, 2019 4:49:50 AM

3
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iFueler
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Message Posted: Jan 1, 2019 2:09:04 AM


         noted
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wongrm
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Message Posted: Jan 1, 2019 12:54:27 AM

Ok
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JohnofGB
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Message Posted: Dec 31, 2018 10:32:59 PM

i would hope that there is more to Texas other than oil
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rstonge
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Message Posted: Dec 31, 2018 9:30:10 PM

Hummm
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Nicoalbum
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Message Posted: Dec 31, 2018 9:17:33 PM

Low oil prices cripple oil-dependent economies
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drobbbb
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Message Posted: Dec 31, 2018 8:20:43 PM

ok
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NHLiveFree
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Message Posted: Dec 31, 2018 7:27:47 PM


One more OIL SHILL article here.

Not exactly the ONLY jobs in Texas!!!!!!!!!!!!!!!!!!!
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Anne1122
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Message Posted: Dec 31, 2018 5:42:10 PM

Not good.
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Message Posted: Dec 31, 2018 5:18:36 PM

Interesting
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Newnan123
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Message Posted: Dec 31, 2018 4:21:28 PM


Yep, lots of jobs in Texas, as well as other states, are heavily dependent on the petroleum industry.
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xsyst
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Message Posted: Dec 31, 2018 2:59:39 PM

Ok
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BEGTWO
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Message Posted: Dec 31, 2018 2:52:12 PM

:-|
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Message Posted: Dec 31, 2018 2:36:18 PM

Ok
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Message Posted: Dec 31, 2018 2:08:42 PM

Ok
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Suzzoom
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Message Posted: Dec 31, 2018 1:25:01 PM

Did Texas abandon its Ag industry to put all its eggs in Big Oil's basket?
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Message Posted: Dec 31, 2018 11:46:28 AM


skull58 Posted: Dec 31, 2018 7:54:34 AM
> whatever . the texas big oil caused the glut .

            Classic.
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Sneakers55
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Message Posted: Dec 31, 2018 11:36:56 AM

They keep trying to get me out of retirement, but I'm happily retired.
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Message Posted: Dec 31, 2018 10:39:55 AM

Ok
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pmurray63
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Message Posted: Dec 31, 2018 10:00:52 AM

But Texas has all the answers ... just ask them.
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cheaptreats
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Message Posted: Dec 31, 2018 9:55:39 AM

OK
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sasiteck
Champion Author Austin

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Message Posted: Dec 31, 2018 8:22:18 AM

Not likely to "cripple" job growth. The population is growing due to technology and medical fields. New population means more construction (currently largest Texas growth field) and supporting services.
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RoadKing95
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Message Posted: Dec 31, 2018 8:00:02 AM

Oil is always up and down
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Message Posted: Dec 31, 2018 7:46:29 AM

Nature of the biz.
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