|Monthly Review of the Texas Economy||Monthly Review of the Texas Economy||Ali Anari||2017-06-22T05:00:00Z||technical-report||Texas Economy|
Texas' pace of job creation continued to exceed the nation's in May 2017. Texas gained 266,600 nonagricultural jobs from May 2016 to May 2017, an annual growth rate of 2.2 percent, higher than the nation's employment growth rate of 1.6 percent. The nongovernment sector added 233,200 jobs, an annual growth rate of 2.3 percent, higher than the nation's employment growth rate of 1.8 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 May 2017 was 4.8 percent, up from 4.7 percent in May 2016. The nation's rate decreased from 4.7 to 4.3 percent.
All Texas industries except the information industry had more jobs in May 2017 than in May 2016. The mining and logging industry ranked first in job creation followed by transportation, warehousing, and utilities; professional and business services; education and health services; leisure and hospitality; and financial activities.
All Texas metro areas except Odessa, Beaumont-Port Arthur, San Angelo, Wichita Falls, Longview, and Texarkana had more jobs in May 2017 than in May 2016. Dallas-Plano-Irving ranked first in job creation followed by Killeen-Temple-Fort Hood, Austin-Round Rock, El Paso, Tyler, Fort Worth-Arlington, Laredo, and College Station-Bryan.
The state's actual unemployment rate in May 2017 was 4.4 percent. Amarillo had the lowest unemployment rate followed by Austin-Round Rock, College Station-Bryan, Lubbock, Midland, and San Antonio-New Braunfels. To see the previous month's report, click here. For the report from a year ago, click here.
Previous reports available:
2017: January, March, April, May
2016: January, February, March, April, May, June, July, August, September, October, November, December
2015: January, March, April, May, June, July, August, September, October, November, December
2014: January, March, April, May, June, July, August, September, October, November, December
|Digital and Print||1862||https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy|| https://assets.recenter.tamu.edu/Documents/Articles/1862.pdf|