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Monthly Review of the Texas EconomyMonthly Review of the Texas EconomyAli Anari2016-11-30T06:00:00Ztechnical-report
Texas Economy

Texas gained 204,500 nonagricultural jobs from October 2015 to October 2016, an annual growth rate of 1.7 percent, higher than the nation's employment growth rate of 1.6 percent. The nongovernment sector added 158,100 jobs, an annual growth rate of 1.6 percent compared with 1.7 percent for the nation's private sector.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, Texas' seasonally adjusted unemployment rate in October 2016 was 4.7 percent, up from 4.5 percent in October 2015. The nation's rate decreased from 5 to 4.9 percent.  

All Texas industries except mining and logging, and manufacturing had more jobs in October 2016 than in October 2015.  Education and health services ranked first in job creation followed by leisure and hospitality, financial activities, and the government sector.  

All Texas metro areas except Texarkana, Wichita Falls, and Odessa had more jobs in October 2016 than in October 2015. Dallas-Plano-Irving ranked first in job creation followed by Laredo, College Station-Bryan, McAllen-Edinburg-Mission, Brownsville-Harlingen, and Victoria.

The state's actual unemployment rate in October 2016 was 4.4 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

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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