Texas Hiring Outruns U.S. as 10-Year Treasury Hits 5.29% and Fed Turns Hawkish

A new Texas A&M economic outlook shows Texas adding jobs at more than three times the national rate through August, even as a 54-basis-point jump in the 10-year Treasury, 7 percent mortgages and the Federal Reserve's first rate change since December 2025 drive up the cost of financing the buildings those workers fill.