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2017-08-28 07:23:08
Annual job growth still bigger in Texas

COLLEGE STATION (Real Estate Center) – Texas gained 293,400 nonagricultural jobs from July 2016 to July 2017, an annual growth rate of 2.4 percent, higher than the nation’s employment growth rate of 1.5 percent. The nongovernment sector added 266,000 jobs, an annual grCOLLEGE STATION (Real Estate Center) – Texas gained 293,400 nonagricultural jobs from July 2016 to July 2017, an annual growth rate of 2.4 percent, higher than the nation’s employment growth rate of 1.5 percent. The nongovernment sector added 266,000 jobs, an annual growth rate of 2.6 percent, higher than the nation’s rate of 1.7 percent in the private sector.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, Texas’ seasonally adjusted unemployment rate in July 2017 was 4.3 percent, lower than 4.7 percent in July 2016. The nation’s rate decreased from 4.9 to 4.3 percent.

All Texas industries except the information industry had more jobs last month than a year ago. The mining and logging industry ranked first in job creation followed by other services; financial activities; manufacturing; and transportation, warehousing, and utilities.

All Texas metro areas except Waco, Abilene, Beaumont-Port Arthur, San Angelo, and Texarkana, had more jobs. Dallas-Plano-Irving ranked first in job creation followed by Killeen-Temple-Fort Hood, Fort Worth-Arlington, McAllen-Edinburg-Mission, Corpus Christi, and Sherman-Denison.

The state’s actual unemployment rate was 4.3 percent. Amarillo had the lowest unemployment rate followed by Austin-Round Rock, Midland, College Station-Bryan, Sherman-Denison, and Lubbock.​​​

 
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