September 24, 2019
Recent metrics from the Texas Workforce Commission (TWC) pointed to the addition of 303,500 jobs over the year, from August 2018-August 2019. During the last month, the economy added 18,200 seasonally adjusted, total nonfarm positions, with the unemployment rate holding steady at 3.4%.
The numbers mean that total nonfarm annual employment growth was 2.4% in August. That statistic has held at, or above, 2% since February 2018. Leading job growth in August was Education and Health Services, which added 8,800 jobs. The Government sector added 3,400 jobs, and Financial Activities added 3,200 jobs.
The Midland Metropolitan Statistical Area (MSA) recorded August’s lowest unemployment rate among Texas MSAs, with a non-seasonally adjusted rate of 2.2%, followed by the Amarillo MSA at 2.7%. The Austin-Round Rock and Odessa MSAs each recorded the third-lowest rate at 2.8%.
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