August 22, 2017
The Texas economy expanded yet again in July 2017, adding 19,600 seasonally adjusted, nonfarm jobs. Additionally, the unemployment rate was 4.3%, down from June 2017’s 4.6%. Annual employment growth for the Lone Star state was 2.4%, double the annual growth rate compared to a year ago, according to the Texas Workforce Commission.
The Leisure and Hospitality Industry recorded the largest private-industry gain over the month with 7,000 jobs added. Financial Activities expanded by 5,200 jobs and recorded a 3.6% annual growth rate—the industry’s highest since August 2013. Professional and Business Services saw an increase of 5,000 jobs in July.
Overall, Texas employers created 293,400 jobs from July 2016-July 2017.
For comments, questions or concerns, please contact Amy Sorter