Texas Job Growth Swings More with Services than Oil
Soojin Jo and
Economic Letter, 2018, vol. 13, issue 1, 4 pages
As the Texas economy diversified after the 1980s oil bust, the link between overall economic growth and the oil and gas sector weakened. The sector?s connectedness with the state economy increased again with the shale boom. However, service sector employment, especially in financial activities and professional business services, became increasingly prominent following the Great Recession.
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