Market Blog

Texas Experiences 27 Consecutive Months of Employment Growth

 

According to a Texas Workforce Commission report in October 2018, Texas’ seasonally adjusted unemployment rate dropped to a record low of 3.8 percent, the lowest it’s been in four decades. In the month of September alone, the construction industry added 3,000 jobs, the manufacturing industry added 2,800 positions, and mining and logging employment grew by 2,600 positions.  

According to commissioner Robert Thomas of the Texas Work Commission, “Texas continues to flourish thanks to the outstanding efforts and talents of individuals and employers in communities around the state.” The City of Austin is one of those communities contributing to the success.

The Midland Metropolitan Statistical Area (MSA) recorded the lowest unemployment rate among Texas MSAs, with Amarillo and Odessa MSAs came in second, and Austin-Round Rock and College Station-Bryan MSAs recording the third lowest unemployment rate each at 2.9 percent this September.

“Texas employers continue to contribute to our state’s success with private-sector employers adding 16,700 jobs in September and accounting for an impressive 402,500 jobs over the year. Texas’ continued addition of jobs over a twenty-seven month period demonstrates the competitive advantage and market opportunities available to our Texas employers and world-class workforce.”

Texas Workforce Commission (TWC) Chair Ruth Ruggero Hughs | TWC

For a more detailed chart and timeline of the state’s unemployment rate, reference the original article.

[Via Texas Workforce Commission]

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