Texas Jobs Boom Sputters on Immigrant Crackdown, Dallas Fed Says

Job growth in Texas was almost flat last year as migration to the state plunged and oil prices lagged.

Employers in the state added a mere 10,700 jobs in 2025, according to new data published by the Federal Reserve Bank of Dallas. The 0.1% increase is the state’s weakest since 2020 and reminiscent of the employment decline following the dot-com bust, said Pia Orrenius, a labor economist at the bank.

“That’s very, very unusual for Texas,” Orrenius said Friday in a presentation at the Dallas Fed. “The immigration crackdown is really having an effect limiting labor supply.”

The ...