AUSTIN – Texas’ seasonally adjusted unemployment rate fell to 3.7 percent in October, reaching its lowest level since January 1976.
According to data from the Texas Workforce Commission, the state’s seasonally adjusted unemployment rate fell from 3.8 percent in September.
The Texas economy added 32,300 seasonally adjusted nonfarm jobs last month. The state's annual employment growth was 3.1 percent in October, marking 102 consecutive months of annual growth.
The Texas metro with the lowest nonseasonally adjusted unemployment rate was Midland at 2.1 percent. McAllen-Edinburg-Mission had the highest at 5.5 percent.
The mining and logging industry saw the largest seasonally adjusted growth in employment from October 2017 to October 2018, growing 17.2 percent. The information industry was the only one to lose jobs with employment dropping 2.3 percent over the year. The government industry was the only one that saw no change.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.