State has experienced 24 consecutive months of employment growth
Texas Insider Report: AUSTIN, Texas — The Texas Workforce Commission released its latest monthly economic report for the Texas economy, which shows the Texas economy added 27,200 seasonally adjusted non-farm jobs in June, marking 24 consecutive months of employment growth.
- Over the year, Texas added 359,500 jobs, for an annual employment growth rate of 2.9%.
- Private-sector employers added 26,400 positions over the month.
- Texas’ seasonally adjusted unemployment rate in June was 4.0%, down slightly from May 2018.
Employment estimates released by Texas Workforce Commission are produced in cooperation with the U.S. Department of Labor’s Bureau of Labor Statistics.
“Recognition of Texas as the premier place to do business in the country is reinforced by employers adding another 27,200 jobs in June and an impressive 359,500 jobs over the year,” said TWC Chairman Andres Alcantar.
“Broad-based growth across our industries remains solid with 10 of 11 industries adding jobs in the dynamic and prolific job creating Texas economy.”
June’s annual growth in the state’s Goods Producing industries was strong at 5.8%. Over the month,
- Mining and Logging added 4,900 jobs, followed by
- the Construction industry with 2,900 positions,
- while Manufacturing employment expanded by 2,600 positions
In Texas’ Service Providing sector, Professional & Business added 7,300 positions over the month, and led all industries in job growth for June. Also within this sector, Education & Health Services added 6,000 jobs, followed by Leisure & Hospitality with a gain of 3,500 positions.
“Private-sector employment remained strong with Texas employers adding 351,700 jobs over the year and 26,400 jobs added in June,” said TWC Commissioner Representing Employer Ruth Ruggero Hughs.
“TWC is committed to developing innovative workforce programs and supporting Texas businesses with a skilled talent pipeline that is unmatched throughout the nation.”
Audio downloads with comments from Commissioner Hughs on the latest labor market data are available on the TWC website recent press releases page.
- Midland Metropolitan Statistical Area (MSA) recorded the month’s lowest unemployment rate among Texas MSA’s for June with a non-seasonally adjusted rate of 2.4%.
- The Amarillo MSA ranked 2nd lowest with a rate of 3.1%, and
- The Austin-Round Rock, and Odessa MSA’s recorded the 3rd lowest rate of 3.2%.
“All Goods Producing industries showed positive employment growth in Texas, including Construction, which expanded by 2,900 jobs in June,” said TWC Commissioner Representing Labor Julian Alvarez.
“The Texas labor force has continued to provide employers with the skills and expertise needed to keep the Texas economy growing.”
All estimates are subject to revision. To access this and more employment data, visit tracer2.com.
The Texas Labor Market & Career Information Data for July is scheduled to be released on Friday, August 17, 2018 at 9:00 a.m. (CDT).
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Source: Texas Politics