Texas job growth up 2.6 percent year over year in July
COLLEGE STATION – Texas' job creation has accelerated since March 2019. According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state gained 323,300 nonagricultural jobs from July 2018 to July 2019, an annual growth rate of 2.6 percent, higher than the nation’s employment growth rate of 1.5 percent.
The nongovernment sector added 316,600 jobs, an annual growth rate of 3 percent, also more than the nation’s employment growth rate of 1.7 percent in the private sector.
Texas’ seasonally adjusted unemployment rate in July 2019 was 3.4 percent, lower than the 3.8 percent rate in July 2018. The nation’s rate decreased from 3.9 to 3.7 percent.
All Texas industries except the information industry had more jobs. The construction industry ranked first in job creation followed by other services; leisure and hospitality; transportation, warehousing, and utilities; mining and logging; financial activities; and manufacturing.
All Texas metro areas except Victoria had more jobs. Dallas-Plano-Irving ranked first in job creation followed by Killeen-Temple-Fort Hood, Houston-The Woodlands-Sugar Land, Odessa, McAllen-Edinburg-Mission, and Austin-Round Rock.
The state’s actual unemployment rate in July 2019 was 3.7 percent. Midland had the lowest unemployment rate followed by Amarillo, Odessa, Austin-Round Rock, College Station-Bryan, and Sherman-Denison.
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