Texas economy gains jobs in December, but at slower rateTexas economy gains jobs in December, but at slower ratehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=119302016-01-29T06:00:00Z2016-01-29T16:00:00Z

​​COLLEGE STATION – Texas’ economy is slowing down.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy​, the state gained 169,000 nonagricultural jobs from December 2014 to December 2015, an annual growth rate of 1.4 percent, lower than the nation’s growth rate of 1.9 percent. The nongovernment sector added 142,800 jobs, an annual growth rate of 1.4 percent compared with 2.2 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate increased from 4.6 percent to 4.7 percent. The nation’s rate decreased from 5.6 to 5 percent.

All Texas industries except mining and logging and manufacturing had more jobs. Leisure and hospitality ranked first in job creation followed by education and health services, professional and business services, information, and trade.

All Texas metro areas except Wichita Falls, Texarkana, and Sherman-Denison had more jobs. Austin-Round Rock ranked first in job creation, followed by Dallas-Plano-Irving, San Antonio-New Braunfels, Beaumont-Port Arthur, and McAllen-Edinburg-Mission.

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

Real Estate Center
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