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Texas Employment ReportTexas Employment ReportJoshua Roberson2022-07-26T05:00:00Ztechnical-report
Texas Economy

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  • Texas added 82,500 jobs in June, an almost 0.62 percent increase over May. Over the same period, Texas job growth exceeded the national growth rate by 38 basis points. While the national job growth rate finally turned around several months of contraction, the Texas job growth rate continues to expand at a faster rate.
  • The state's unemployment rate improved to 4.1 percent. While that's still higher than the national unemployment rate, Texas' labor force has been much more robust throughout the pandemic. The national unemployment rate stalled for the fourth consecutive month at 3.6 percent as concerns of economic uncertainty continued to grow because of mounting inflation and the pain likely to follow to alleviate it.
  • The state's labor force expanded by almost 40,000, which is a step back from May's gains of 56,000 but more in line with February and March. National labor force levels shrank by 353,000.
  • The most recent job-opening data from May signaled job creation in June may be slowing soon. The May count of job openings was 974,000, which was 28,000 fewer openings than the month before. Despite a slowdown in momentum, the mismatches between employment and job-opening growth still contributes to the current rapid wage rate growth.
  • New job hires in May stalled while the number of people who quit decreased because of growing economic uncertainty. The latter is likely a consequence of the former as hiring firms become more selective despite the rise in job openings.
  • The state's goods-producing sector added 8,200 jobs in June, about half as much as the month before. Manufacturing added the most jobs (7,000) with mining and logging not far behind (almost 5,000). Meanwhile, construction employment was down by 3,000 jobs after leading the pack in May.
  • The state's service-providing sector added almost 74,000 jobs, the best month since November 2021. This month, the spotlight belonged to the healthcare industry. Its whopping 23,400 jobs brought the total employment level back to pre-pandemic levels. Leisure and hospitality remains strong with 12,700 jobs added in June.


To access the complete report with figures and tables, click the download button.

Previous reports available with data from: ​

2022: January​, February​, March, April, May​
2021: January, February​, March​, April, May, June​, July​, August​, September, October, November, December​

Digital and Print2303https://www.recenter.tamu.edu/articles/technical-report/Texas-Employment-Report-2303 https://assets.recenter.tamu.edu/Documents/Articles/2303.pdf

 

 

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