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Texas Jobs, Consumer Economy Feel The Low Price of Crude Oil

2015-11-12 02:24:16| Auto Dealers - Topix.net

Lower oil prices and the loss of thousands of jobs in energy hubs such as Houston and Lubbock are pinching consumer discretionary spending in Texas, with weakness being noted in the third-quarter earnings of companies in such areas as hotels, restaurants and auto sales. Trends also highlight how the statewide economic outlook is taking a turn for the worse.

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