Texas Labor Market Review – June 2013
Texas’ seasonally adjusted total nonfarm employment expanded by 19,500 jobs in May for a total of 324,700 jobs added since May 2012. The state’s annual growth rate in May stood at 3.0 percent and has been positive every month beginning with May 2010. Texas’ seasonally adjusted unemployment rate rose slightly in May to 6.5 percent, from 6.4 percent in April, as the state’s civilian labor force population continued to grow. Texas’ unemployment rate remained below the nation’s May unemployment rate of 7.6 percent.
Over the month, nine of the 11 major industries in Texas saw positive growth led by Education and Health Services, which added 5,500 jobs in May 2013. That industry has added 44,100 jobs over the last year for a 3.0 percent annual growth rate.
Construction remained the fastest growing major industry in Texas, based on a 6.7 percent annual growth rate. This industry has added 39,200 jobs over the year, including 500 over the last month. The Professional and Business Services industry expanded by 4,600 jobs over the month and added 59,500 jobs over the year for a 4.2 percent annual growth rate.