October 22, 2018
The Texas unemployment rate stood at 3.8% in September 2018, setting a record for the lowest rate reported in four decades. Data from the Texas Workforce Commission also noted that the annual employment growth for Texas was 3.3%, marking 27 consecutive months of annual growth.
The economy added 15,600 jobs from August 2018 to September, with Construction adding 3,000 jobs, Manufacturing posting a 2,800-job gain, and Mining and Logging increasing by 2,600 positions. Also increasing: Financial Activities (5,800), Professional and Business Services (2,500) and Trade, Transportation and Utilities (2,100).
On the metropolitan level, the Houston MSA reported a job-growth rate of 4.3%, with the area adding 128,600 jobs on a year-over-year basis. Tyler also reported a 4.3% growth rate, adding 4,500 new jobs since September 2017.
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