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Monthly Review of the Texas EconomyMonthly Review of the Texas EconomyAli Anari2017-09-20T05:00:00Ztechnical-report
Texas Economy

Pre-Hurricane Harvey, the Texas economy gained 298,600 nonagricultural jobs from August 2016 to August 2017, an annual growth rate of 2.5 percent, higher than the nation's employment growth rate of 1.4 percent. The nongovernment sector added 270,800 jobs, an annual growth rate of 2.7 percent, higher than the nation's employment growth rate of 1.7 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 August 2017 was 4.2 percent, lower than 4.7 percent in August 2016. The nation's rate decreased from 4.9 to 4.4 percent.  

All Texas industries except the information industry had more jobs in August 2017 than in August 2016.  The mining and logging industry ranked first in job creation followed by other services, manufacturing, transportation, warehousing, and utilities, and financial activities.  

All Texas metro areas except Wichita Falls, Abilene, Waco, Beaumont-Port Arthur, San Angelo, and Texarkana, had more jobs in August 2017 than in August 2016. Corpus Christi ranked first in job creation followed by College Station-Bryan, Dallas-Plano-Irving, Sherman-Denison, Killeen-Temple-Fort Hood, and Fort Worth-Arlington.

The state's actual unemployment rate in August 2017 was 4.5 percent. Amarillo had the lowest unemployment rate followed by Midland, Austin-Round Rock, College Station-Bryan, and Lubbock. 

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