Archive for the ‘Economic Indicators’ Category

Texas Keeps Cranking Out Jobs

 

COLLEGE STATION (Real Estate Center) – Texas once again created more jobs than the nation, gaining 302,300 nonagricultural jobs from July 2012 to July 2013, an annual growth rate of 2.8 percent. By comparison, the nation’s job growth rate was 1.7 percent.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state’s nongovernment sector added 289,200 jobs, an annual growth rate of 3.2 percent compared with 2.1 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate fell to 6.5 percent in July 2013 from 6.9 percent in July 2012. The nation’s rate decreased from 8.2 to 7.4 percent.

All Texas industries except the transportation, warehousing and utilities industry had more jobs. The state’s construction industry ranked first in job creation, followed by mining and logging, leisure and hospitality services, and professional and business services.

All Texas metro areas except Wichita Falls had more jobs. Midland ranked first in job creation, followed by Odessa, Fort Worth-Arlington, Corpus Christi, Dallas-Plano-Irving, Houston-Sugar Land-Baytown and Austin-Round Rock-San Marcos.

The state’s actual unemployment rate in July 2013 was 6.7 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, Abilene and Austin-Round Rock-San Marcos.

Texas is the 2nd fastest growing tech-state in the nation

The TechAmerica Foundation released the 15th edition of Cyberstates, the only comprehensive look at tech employment, wages, and other key economic factors nationally and state-by-state. Texas’ tech industry added 10,000 new jobs between 2011 and 2012, for a total of 485,600 jobs. This employment growth was led by such industry sectors as computer systems design (+7,100) and engineering services (+2,100) “I’m proud to see Texas performing so well in the tech job sector. Texas universities continue to advance the frontiers of new technology. Combined with our state’s common-sense approach to job creation, it is no surprise that Texas is one of the best places to start and expand a business,” said Sen. John Cornyn. More…

Construction Leads State in Job Creation

 

COLLEGE STATION (Real Estate Center) – The Texas economy gained 290,500 nonagricultural jobs from June 2012 to June 2013, an annual growth rate of 2.7 percent compared with 1.7 percent for the United States. The state’s nongovernment sector added 275,800 jobs, an annual growth rate of 3 percent compared with 2 percent for the nation’s private sector.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, Texas’ seasonally adjusted unemployment rate fell to 6.5 percent in June 2013 from 7 percent in June 2012. The nation’s rate decreased from 8.2 to 7.6 percent.

All Texas industries except the transportation, warehousing and utilities industry had more jobs last month than a year ago. The state’s construction industry ranked first in job creation, followed by leisure and hospitality services, professional and business services, and mining and logging.

All Texas metro areas except Wichita Falls, Tyler, Beaumont-Port Arthur and Texarkana had more jobs than a year ago. Midland ranked first in job creation, followed by Odessa, Fort Worth-Arlington, Houston-Sugar Land-Baytown and Austin-Round Rock-San Marcos.

The state’s actual unemployment rate was 6.9 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, Abilene and Austin-Round Rock-San Marcos.