Employment in Texas is Trucking Along

July 15, 2016

Over the last year Texas gained 169,400 nonagricultural jobs, the exact time frame was from May 2015 to May 2016.  Texas showed a growth rate of 1.4 percent which was lower compared to the nation’s growth rate of 1.7 percent. The non-government sector added 134,000 jobs, an annual growth rate of 1.3 percent still lower compared to the 1.9 percent growth rate the nation’s private sector.

The study done by Texas Real Estate Center’s latest Monthly Review of the Texas Economy, showed employment growth rate for the last month lower than the growth rates of the past four months. This can mean that the slow labor market recovery is slowing more. In Texas job creation, leisure and hospitality jobs ranked first, second are education and health services, financial activities, and trade. Texas Metro areas such as Dallas-Plano-Irving ranked first in job creation, with Austin-Round Rock, College Station- Bryan, Lubbock, and San Antonio-New Braunfels coming in second. Texas Actual unemployment rate was 4.2 percent

“Texas employment still growing, but slowing.” Texas Real Estate Center. Real Estate Center Online News. N.p. 24 June 2016. Web. 15 July 2016.