Page 14 - NBIZ Magazine April 2024

Improved Business Outlooks

and Faster Job Growth

HELP BOOST

TEXAS’S

OUTLOOK

By Jesus Cañas and Diego Morales-Burnett

majority of Texas Business Outlook Surveys (TBOS)
participants expect increasing demand over the next
six months, signaling an improving business outlook
A even as inflation and wage growth in Texas remain
elevated. Separately, the pace of payroll employment growth
also picked up in February from January levels.
The positive sentiment outlook follows otherwise mixed
indicators from Dallas Fed TBOS surveys, which included only
modest growth in the Texas service sector and contraction in
manufacturing.

14 NBIZ ■ APRIL 2024