Oct 26 2018 62747 1

Dated: October 26 2018

Views: 89

Texas' job growth still outpacing nation's

COLLEGE STATION (Real Estate Center) – Fueled by higher oil prices, Texas' pace of job creation accelerated in September 2018.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state gained 406,400 nonagricultural jobs from September 2017 to September 2018, an annual growth rate of 3.3 percent, higher than the nation’s employment growth rate of 1.7 percent. The nongovernment sector added 402,500 jobs, an annual growth rate of 3.9 percent, also more than the nation’s employment growth rate of 2 percent in the private sector.
Texas’ seasonally adjusted unemployment rate in September 2018 was 3.8 percent, lower than the 4 percent rate in September 2017. The nation’s rate decreased from 4.2 to 3.7 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by construction; professional and business services; leisure and hospitality; and transportation, warehousing, and utilities.
All Texas metro areas except Victoria had more jobs. Midland ranked first in job creation followed by Tyler, Houston-The Woodlands-Sugar Land, Austin-Round Rock, and Dallas-Plano-Irving.
The state’s actual unemployment rate was 3.7 percent. Midland had the lowest unemployment rate followed by Amarillo, Odessa, Austin-Round Rock, College Station-Bryan, Lubbock, San Angelo, and Sherman-Denison.
Blog author image

Terry Ivie

Texas Real Estate Consumer Protection Notice

Want to Advertise on this Site?

Latest Blog Posts

How To Know If Its Time To Buy A Home

Owning your own home has long been part of the American dream. It's a goal most of us rightfully aspire to, and one that can often help build wealth. Indeed, 64% of Americans own a home today. If'

Read More

Health Benefits Of Strawberries

Did you know that strawberries have been around since ancient Roman times; and were used for medicinal purposes such as: alleviating inflammation, fever, kidney stones, bad breath, gout and more!

Read More

Distorted SelfImage

Have you ever been to an amusement park that had those crazy mirrors that make you look funny? There are mirrors that make us look really tall and thin. Others that make us look short and wide.

Read More

The Telltale Signs Its Time To Refinance

Have you been giving some thought to how you might be able to save money if you refinanced your mortgage? How do you decide if it’s really worth it? Here are four signs that show you might

Read More