AAFP May Lunch Meeting
"After the Boom: Texas Economy Downshifts in the Energy Bust"
Thursday, May 26, 2016
Sullivan's
300 Colorado St.
Austin 78701

Agenda:
11:30 - 11:45  Registration
11:45 - 12:15  Lunch served
12:10 - 1:00  Program

Program:  "After the Boom: Texas Economy Downshifts in the Energy Bust"

The sudden reversal in Texas’ economic outlook in 2015 is apparent in energy, banking, labor markets, housing and trade and is the focus of the Bank’s annual report. State job growth downshifted from 3.7 percent in 2014 to 1.3 percent in 2015. Declining oil prices were the main culprit, but a stronger dollar also played a role, helping reduce state exports. The end result has been a recession in the goods-producing sectors of energy extraction and manufacturing, which together lost 113,000 jobs last year. The service-providing and construction sectors, meanwhile, continued to expand, gaining 271,000 jobs in 2015. In the wake of this shift, Federal Reserve Bank of Dallas annual report assesses what’s next as Texas’ economy moves forward.

Speaker:  Pia Orrenius
Vice President & Senior Economist
Research Department
Federal Reserve Bank of Dallas

Registration Fees:
Austin AFP Members and first time guests - Free
Non-members - $30 (payable in cash or by check at the door or online by credit card)

Registration:  If attending, please register by Noon, Monday, May 23

Menu: The entree is Filet Mignon.  If you prefer a chicken entree or have other dietary needs, please email Linda Horton at [email protected] by Monday, May 23.

Please note:  If you register and don't attend the meeting, you may be billed $30.  To avoid being billed, please cancel in advance or ask someone from your company to attend in your place.

Click here to register