Lone Star Flag, Texas

October 22, 2018 Comments Off on Texas Unemployment Falls to Record Low Views: 2229 Texas News, Top Texas

Texas Unemployment Falls to Record Low

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.

Read More at Texas Workforce Commission


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: , ,

Comments are closed.