Economic Review: Texas' 2.8 Percent Job Growth Outpaces U.S.Economic Review: Texas' 2.8 Percent Job Growth Outpaces U.S.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=101912015-05-01T13:50:00Z2015-05-01T00:00:00Z

COLLEGE STATION (Real Estate Center) – The Texas economy gained 320,400 nonagricultural jobs from March 2014 to March 2015, an annual growth rate of 2.8 percent compared with 2.3 percent for the United States.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state’s nongovernment sector added 304,300 jobs, an annual growth rate of 3.2 percent compared with 2.6 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate fell to 4.2 percent in March 2015 from 5.3 percent in March 2014. The nation’s rate decreased from 6.6 to 5.5 percent.

All Texas industries had more jobs this March than a year ago. The state’s construction industry ranked first in job creation followed by the transportation, warehousing and utilities industry, leisure and hospitality industry, education and health services, and mining and logging.

All Texas metro areas except El Paso and Wichita Falls had more jobs. Midland ranked first in job creation, followed by Odessa, Beaumont-Port Arthur, Longview, Dallas-Plano-Irving and San Antonio-New Braunfels.

The state’s actual unemployment rate was 4.2 percent. Midland had the lowest unemployment rate followed by Amarillo, Austin-Round Rock, College Station-Bryan and Lubbock.

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