Texas breaks three employment records | CNHI

AUSTIN — Texas broke three records recently, for number of jobs, number of employees, and the size of the state’s civilian labor force in June, according to new data by the Texas Workforce Commission released Friday.

Texas added 31,100 positions over the month to reach a 21st consecutive series-high level at 13.94 million nonfarm jobs, the report said. In addition, Texas’ employment growth rate continued to outperform with 4% annual growth from June 2022 to June 2023 — outpacing any other state as well as the nation with a rate of 2.5%.

“Texas employers are helping Texas stay robust and growing as the state approaches the 14 million mark for nonfarm jobs,” said TWC Commissioner Representing Employers Aaron Demerson.

The Texas seasonally adjusted civilian labor force grew over the month by 30,500 people to reach 15.03 million in June. The number of employed workers also reached a new record high at more than 14.42 million. The seasonally adjusted unemployment rate remained at 4.1%.

Private education and health services added the most jobs of all the major industries at 11,900 — closely followed by construction with 11,000 positions. Manufacturing gained 6,100 jobs over the month. Texas’ annual employment growth through June 2023 was stronger than the national rate in all but one of the 11 industries, leisure and hospitality.

The Midland Metropolitan Statistical Area, or MSA, reached the lowest unemployment rate among Texas MSAs with a not seasonally adjusted rate of 2.6% in June, followed by Amarillo at 3.3%, then Odessa at 3.4%.

The Dallas-Fort Worth-Arlington MSA had the second largest over-the-year increase in the number of jobs in the nation, not seasonally adjusted. Meanwhile, Midland had the largest percentage increase, followed by Odessa with the second highest increase in the nation among all MSAs, data shows.

The McAllen-Edinburg-Mission MSA reported the highest unemployment rate not seasonally adjusted at 6.7%.

“It’s no surprise that Texas continues to lead the nation with more jobs added over the last 12 months and the fastest job growth rate in the country,” Gov. Greg Abbott said in a statement. “Together with the nation’s most innovative businesses and the best workforce in America, we are building an even bigger, bolder Texas of tomorrow.”

.

Check Also

Nike’s CEO blames the home office for the company’s lack of innovation

Nike CEO John Donahoe said on Friday (April 12, 2024). CNBC that remote work hinders …

Leave a Reply

Your email address will not be published. Required fields are marked *