Texas Labor Market Review – May 2012
The Texas seasonally adjusted unemployment rate decreased in April to 6.9 percent, down from 7.0 percent in March and from 8.0 percent a year ago, continuing to trend well below the national unemployment rate of 8.1 percent. The Texas unemployment rate has decreased for eight consecutive months.
Texas employers added 13,200 seasonally adjusted nonfarm jobs in April. Texas saw an increase of 225,800 jobs over the year.
Private sector employers in Texas added 12,200 jobs over the month, totaling 277,100 private sector job gains over the year for an annual growth rate of 3.2 percent.
Eight of the 11 major industries in Texas posted gains in April. The Construction industry led with the addition of 7,300 jobs. Jobs in Trade, Transportation, and Utilities expanded by 2,900 in April. The industry has added 42,300 jobs in Texas over the last year for an annual growth rate of 2.0 percent.