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Monthly Review of the Texas EconomyMonthly Review of the Texas EconomyAli Anari2017-01-24T06:00:00Ztechnical-report
Texas Economy

Texas' pace of job creation exceeded the nation's in December 2016. Texas gained 213,500 nonagricultural jobs from December 2015 to December 2016, an annual growth rate of 1.8 percent, higher than the nation's employment growth rate of 1.4 percent. The nongovernment sector added 173,400 jobs, an annual growth rate of 1.7 percent, higher the nation's employment growth rate of 1.5 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 December 2016 was 4.6 percent, the same rate as in December 2015. The nation's rate decreased from 5 to 4.7 percent.  

All Texas industries except mining and logging, manufacturing, transportation, warehousing, and utilities, and construction had more jobs in December 2016 than in December 2015. Education and health services ranked first in job creation followed by leisure and hospitality, financial activities, and trade.  

All Texas metro areas except Wichita Falls, Texarkana, Beaumont-Port Arthur, Odessa, and Midland had more jobs in December 2016 than in December 2015. Dallas-Plano-Irving ranked first in job creation followed by McAllen-Edinburg-Mission, College Station-Bryan, Waco, Brownsville-Harlingen, San Antonio-New Braunfels.

The state's actual unemployment rate in December 2016 was 4.6 percent. Amarillo, Austin-Round Rock, and Lubbock had the lowest unemployment rate followed by College Station-Bryan, Dallas-Plano-Irving, and Sherman-Denison. 

To see the previous month's report, click here. For the report from a year ago, click here​​​​​​​. 

​Previous reports available: 

2016: January, FebruaryMarch, April, May, June, July, August​​, September, October​​, November, December

2015: January, March, AprilMay, June, July, August, September, October, November, December

2014: January, March, April, May, June, July, August, September, October, November, December​

Digital and Print1862https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy https://assets.recenter.tamu.edu/Documents/Articles/1862.pdf

 

 

Monthly Review of the Texas EconomyMonthly Review of the Texas EconomyTexas Economy
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