Private Sector Drives Texas Job Growth

by CoyDavidson on November 16, 2012

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Texas Employers Add 36,600 Jobs in October

Employers added 36,600 total nonfarm jobs in October in Texas for a total of 277,400 jobs added over the year. The state’s unemployment rate dropped to 6.6 percent in October from 6.8 percent in September. The unemployment rate in Texas remains well below the national rate of 7.9 percent.

“Private sector employers in Texas continue to drive our state’s economic growth, having added 269,000 jobs over the year for an annual growth rate of 3.0 percent,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “The Texas economy continues to show strength compared to the national private sector, which has experienced an annual growth rate of 1.8 percent.”

Over the last year, 10 of 11 major industries in Texas have shown positive growth. Six of the major industries displayed monthly gains in October. Education and Health Services grew more than any other industry over the month, adding 13,700 jobs for the largest monthly gain in the series’ history. Over the year, this industry added more than 43,000 jobs and is one of four industries in Texas showing an annual growth rate of 3.0 percent or higher.

Texas Labor Market Review November 2012

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