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Texas' job growth still climbing (slowly)Texas' job growth still climbing (slowly)https://www.recenter.tamu.edu/news/newstalk-texas/?Item=153622016-12-02T06:00:00Z2016-12-02T16:00:00Z​​COLLEGE STATION – ​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. 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. 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 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.
Real Estate Center
Texas
Economy
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