Texas A&M University releases Monthly Review of the Texas Economy report
Texas A&M University’s Real Estate Center released a Monthly Review of the Texas Economy.
Texas continues to grow faster than the U.S. The state gained 365,400 nonagricultural jobs from November 2017 to November 2018, an annual growth rate of 3 percent, higher than the nation’s employment growth rate of 1.7 percent.
The nongovernment sector added 363,700 jobs, an annual growth rate of 3.5 percent, also more than the nation’s employment growth rate of 1.9 percent in the private sector.
Texas’ seasonally adjusted unemployment rate in November 2018 was 3.7 percent, lower than the 3.9 percent rate in November 2017. The nation’s rate decreased from 4.1 to 3.7 percent.
Click here to view the full report written by Research Economist Ali Anari.
The 48-page report delves deeper into areas and industries contributing to the Texas economy and breaks down the numbers with charts and graphs.
Table 5 in the full report shows Texas metropolitan areas ranked by employment growth rate from November 2017 to November 2018.
Victoria is number 26 with a -1%.
Table 8 from the full report shows Texas metropolitan areas ranked by unemployment rate in November 2018.
Victoria is listed just below the state’s actual unemployment rate of 3.5% at number 17 with 3.6%.
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