August 19, 2019
The Texas economy added 35,200 seasonally adjusted nonfarm positions in July 2019, and 323,300 jobs year over year. Meanwhile, the unemployment slid under last month’s already record-breaking rate of 3.5% to end up at 3.4%. According to the Texas Workforce Commission, the record continues to be the lowest the unemployment rate has been since series tracking began in 1976.
Leisure and Hospitality led the way, adding 8,300 jobs in July, while Construction increased its payroll by 6,300. Meanwhile, Education and Health Services expanded by 6,100 jobs.
TWC metrics indicated that the Midland MSA recorded July’s lowest unemployment rate among Texas metros, with a non-seasonally adjusted rate of 2.2%. Midland was followed by the Amarillo and Odessa MSAs, which each recorded at 2.8% for the second lowest rate.
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