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Texas' pre-hurricane economy strongTexas' pre-hurricane economy stronghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=178532017-09-22T05:00:00Z2017-09-22T15:00:00Z

​​​COLLEGE STATION – Pre-Hurricane Harvey, the Texas economy gained 298,600 nonagricultural jobs from August 2016 to August 2017. That's an annual growth rate of 2.5 percent, higher than the nation’s employment growth rate of 1.4 percent.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, 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.

Texas’ seasonally adjusted unemployment rate last month was 4.2 perce​nt, 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. 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. 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 was 4.5 percent. Amarillo had the lowest unemployment rate followed by Midland, Austin-Round Rock, College Station-Bryan, and Lubbock.

Real Estate Center
Texas
Economy
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