Texas Economy Adds 23,500 Positions in July
Austin – The Texas economy added 23,500 seasonally adjusted nonfarm jobs in July, which marked 25 consecutive months of employment growth. Over the year, Texas added 377,100 jobs for an annual employment growth rate of 3.1 percent. Private-sector employers added 25,900 positions over the month. Texas’ seasonally adjusted unemployment rate remained at 4.0 percent in July, unchanged from June 2018.
“Private-sector employers continue to boost the Texas economy adding another 25,900 jobs in July and 372,700 jobs over the year, said Texas Workforce Commission (TWC) Chair Ruth Ruggero Hughs. “Thanks to the innovation and expansion by employers in a wide range of industries, Texans continue to be offered more opportunities to demonstrate their first-class skills and start a career in the nation’s #1 state for business.”
July’s annual growth in the state’s Goods Producing industries was strong at 6.2 percent. Over the month, Construction led all major industries, adding 10,500 jobs.
In Texas’ Service Providing sector, Trade, Transportation and Utilities added 7,500 positions over the month. Also within this sector, Education and Health Services added 6,400 jobs, followed by Leisure and Hospitality with a gain of 5,700 positions.
“The Texas labor force continues to provide employers with the skills and expertise needed to keep the Texas economy growing,” said TWC Commissioner Representing Labor Julian Alvarez. “TWC is continually committed to developing innovative workforce programs and supporting Texas businesses with a skilled talent pipeline that is unmatched throughout the nation.”
The Midland Metropolitan Statistical Area (MSA) recorded the month’s lowest unemployment rate among Texas MSAs with a not seasonally adjusted rate of 2.2 percent, followed by the Amarillo and Odessa MSAs with a rate of 2.9 percent, each. The Austin-Round Rock MSA recorded the fourth lowest rate of 3.1 percent for July.
Golden Crescent Employment Breakdown:
Audio downloads with comments from Commissioner Alvarez on the latest labor market data are available on the TWC webpage for recent press releases. Employment estimates released by TWC are produced in cooperation with the U.S. Department of Labor’s Bureau of Labor Statistics. All estimates are subject to revision. To access this and more employment data, visit tracer2.com.
The Texas Labor Market & Career Information Data for August is scheduled to be released on Friday, September 21, 2018 at 9:00 a.m. (CDT).