Friday, October 26, 2018 / by Scott Shine
Texas' job growth still outpacing nation's
COLLEGE STATION (Real Estate Center) – Fueled by higher oil prices, Texas' pace of job creation accelerated in September 2018.
According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state gained 406,400 nonagricultural jobs from September 2017 to September 2018, an annual growth rate of 3.3 percent, higher than the nation’s employment growth rate of 1.7 percent.
The nongovernment sector added 402,500 jobs, an annual growth rate of 3.9 percent, also more than the nation’s employment growth rate of 2 percent in the private sector. Texas’ seasonally adjusted unemployment rate in September 2018 was 3.8 percent, lower than the 4 percent rate in September 2017. The nation’s rate decreased from 4.2 to 3.7 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by construction; professional and business services; leisure and hospitality; and transportation, warehousing, and utilities.
All Texas metro areas except Victoria had more jobs. Midland ranked first in job creation followed by Tyler, Houston-The Woodlands-Sugar Land, Austin-Round Rock, and Dallas-Plano-Irving. The state’s actual unemployment rate was 3.7 percent. Midland had the lowest unemployment rate followed by Amarillo, Odessa, Austin-Round Rock, College Station-Bryan, Lubbock, San Angelo, and Sherman-Denison.
According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state gained 406,400 nonagricultural jobs from September 2017 to September 2018, an annual growth rate of 3.3 percent, higher than the nation’s employment growth rate of 1.7 percent.
The nongovernment sector added 402,500 jobs, an annual growth rate of 3.9 percent, also more than the nation’s employment growth rate of 2 percent in the private sector. Texas’ seasonally adjusted unemployment rate in September 2018 was 3.8 percent, lower than the 4 percent rate in September 2017. The nation’s rate decreased from 4.2 to 3.7 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by construction; professional and business services; leisure and hospitality; and transportation, warehousing, and utilities.
All Texas metro areas except Victoria had more jobs. Midland ranked first in job creation followed by Tyler, Houston-The Woodlands-Sugar Land, Austin-Round Rock, and Dallas-Plano-Irving. The state’s actual unemployment rate was 3.7 percent. Midland had the lowest unemployment rate followed by Amarillo, Odessa, Austin-Round Rock, College Station-Bryan, Lubbock, San Angelo, and Sherman-Denison.
