The Texas jobs machine has been churning for two straight years, numbers from the state said Friday. Unemployment ticked back down to 4 percent. In June, the state added 27,200 jobs — a not insignificant gain. But the most impressive figure, economists said, was Texas’ growth over the year, which beat out every other state (including California, which has a bigger population) by a wide margin. Bernard Weinstein, associate director of SMU’s Maguire Energy Institute, said he doesn’t see it ending soon. “Barring some major international or domestic disruption, I think these trends are going to continue.” But those disruptions, experts say, could be coming. Here’s what to know:

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1 Filling jobs relies on fixing immigration In this booming economy, employers across industries have said it’s been harder to fill jobs than to create them. And economists have said that without workers, it’s hard for companies to grow. Weinstein said that labor is “the number one concern about our ability to sustain this growth.” And efforts by the administration of President Donald Trump to discourage immigration and shrink down work visa programs aren’t helping. “We need a lot of skilled tech workers … and then at the more unskilled levels, immigrants have filled a lot of those jobs, too, over the past decade.” That’s why immigration policy, he said, can have broad implications for the economy.

2 When will consumers feel trade uncertainty? For months, experts have been warning of potential fallout from escalating trade tensions with some of the nation’s biggest trading partners. And Texas, they’ve said, will be the hardest hit. But when will that start to hurt the economy beyond importers and exporters? Robert Kramp, director of research and analysis for CBRE, said that as consumers head into back-to-school season, “they’ll notice that when they look at their household spending,” that prices have gone up for lots of things — particularly big appliances. “It’ll take some time for this to seep in.”

3 Texas cities driving job growth Kramp said that Texas’ exploding metro areas are behind the the state’s strong job growth. Dallas-Fort Worth alone, over the year, has added about 109,400 jobs, he said, for a 3 percent gain. That far outstrips Los Angeles’ 83,400 jobs and 1.4 percent growth. Houston and Austin, meanwhile, also grew their job base by about 3 percent. Those numbers, Kramp said, “give me overall confidence,” that D-FW in particular, would be well-positioned if the national economy starts to take a turn for the worse in the next year or two.