September 27, 2016 5:48 PM

In Texas Energy Report: Dallas Fed says worst of Texas oil bust may be over

New data for employment, business outlook on upswing

The Federal Reserve Bank of Dallas, pointing to improving business data in Texas, says the state might have weathered the worst of the oil bust.

Even oil and gas jobs are returning, the data show.

“We saw increased job growth in the service sector, we saw a decline in the pace of losses in the goods-producing sector, and most remarkably, we saw an increase in oil and gas employment in August that we hadn’t seen since 2014,” said Dallas Fed Economist Pia Orrenius in a video released Tuesday.

The story is in the Texas Energy Report.

By Polly Ross Hughes