September 20, 2017 Comments Off on Texas Economy Continues Expansion, Unemployment Rate Falls Views: 1187 Texas News, Top Texas

Texas Economy Continues Expansion, Unemployment Rate Falls

The Texas economy expanded for the 14th consecutive month, adding 5,500 seasonally adjusted jobs in August 2017, according to data released by the Texas Workforce Commission (TWC). The unemployment rate was 4.2%, down from the 4.3% reported in July 2017. Annual job growth stood at 2.5%, more than double the annual growth rate set the previous year. Texas employers added 298,600 jobs, year over year.

“Several Goods Producing industries are showing strength in Texas, including Construction, which has added 15,200 jobs over the year,” said TWC Commissioner Representing Labor Julian Alvarez.

The Amarillo Metropolitan Statistical Area (MSA) recorded the month’s lowest unemployment rate among Texas MSAs, with a non-seasonally adjusted rate of 3.1%, followed by the Midland MSA with a rate of 3.2 percent, and the Austin-Round Rock MSA with a rate of 3.4% for August.

Read More at Texas Workforce Commission

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