Texas job growth slowed in February

• "Meanwhile, high oil prices are expected to boost state economic activity only if they are sustained," said Luis Torres, Dallas Fed senior business economist.

The big picture: Texas added 3,800 jobs in February, growing an annualized 0.3 percent.

• The Dallas Fed now expects Texas jobs will increase roughly 1% in 2026, Torres said.

Zoom out: Job losses in February were reported in multiple sectors, including trade and transportation, oil and gas, and construction, education and health services, which had been growing at a solid pace, per the report.

• Other sectors, including professional and business services and manufacturing, posted job gains.

Zoom in: Dallas registered nearly flat employment growth in February at 0.1%. Fort Worth, Houston, Austin and San Antonio all posted job losses, per the report.