From the East Texas Sports Network, August 13:
The Texas economy has been thriving, even in the face of adversity, and the country is struggling as a whole. Jobs have been relatively easy to find, purchasing power has still been pretty good, and overall, Texans have been living ok.
However, there are now some indicators that the ride is about to come to an end, and we could see some economic woes hitting our state.
Job Growth Is Slowing
One of the key indicators in an economic slowdown is what the job growth rate looks like. In the U.S., the national job growth rate is .7%. In Texas, it's been pretty steady at a staggering 2.5%.
However, the job growth rate here just fell by 1.3% which is pretty significant. Typically, that says companies based in Texas are seeing signs that tell them they need to start slowing down on adding salaries, as business could be a bit weaker than it had been.
Construction In Texas Has Slowed
Now, if you live in Amarillo, you'd challenge this one without a doubt. However, across the state of Texas, construction has slowed down significantly.The housing construction has slowed by 7%, which means less homes are being built....
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