Texas Job Growth Rate at 2.4% Annually

by CoyDavidson on October 21, 2011

Little Change in Regional & State Unemployment Rates

Regional and state unemployment rates were generally little changed in September. Twenty-five states recorded unemployment rate decreases, 14 states posted rate increases, and 11 states and the District of Columbia had no rate change, the U.S. Bureau of Labor Statistics reported today.

In September, nonfarm payroll employment decreased in 25 states, increased in 24 states and the District of Columbia, and was unchanged in 1 state. The largest over-the-month decrease in employment occurred in North Carolina (-22,200), followed by Ohio (-21,600) and Pennsylvania (-15,800). The largest over-the-month increase in employment occurred in Florida (+23,300), followed by Texas (+15,400) and Louisiana (+14,100).

Texas Adds 18,400 Jobs in Business & Professional Services in September

Total Nonagricultural Employment in Texas rebounded from a revised drop of 21,600 jobs in August with an increase of 15,400 jobs in September. Eight of the 11 major industries in Texas experienced growth, as Professional and Business Services led the way with a surge of 18,400 jobs over the month and employment in Construction climbed by 7,200 jobs in September. Total Nonagricultural employment expanded by 248,500 jobs since September 2010, bringing the series to an estimated level of 10,610,100 jobs. The annual growth rate for the series rose to 2.4 percent in September, and has not dipped below 1.9 percent since October 2010.

Texas Labor Market Review October 2011

Previous post:

Next post: