Texas Economy Adds 13700 Jobs in October

State has experienced job growth in 18 of the past 19 months Texas insider Report: AUSTIN Texas ⎯ Texas grew by an estimated 13700 nonfarm jobs in October. The state has added jobs in 18 of the past 19 months. Texas seasonally adjusted unemployment rate decreased to 4.7 percent in October down slightly from 4.8 percent in September and remained below the national rate of 4.9 percent. Texas employers continue to demonstrate the resiliency of the Texas economy with 207500 jobs added over the past year" said TWC Chairman Andres Alcantar. TWC and our local workforce boards remain committed to implementing responsive market-driven solutions and fostering partnerships with industry education and other stakeholders to support our states world-class employers as they continue to add jobs for Texas workers." The Trade Transportation and Utilities industry recorded the largest private industry employment gain over the month with 8200 jobs added. Financial Activities rose for a seventh consecutive month with a 4400 job gain in October and Manufacturing employment expanded by 2000 jobs. Private-sector employment has been strong over the year with an overall job growth of 162700 including 13300 jobs added in October" said TWC Commissioner Representing Employers Ruth R. Hughs. I encourage all of our employers to take advantage of the programs we offer through the Skills Development Fund to help create jobs and train workers with the skills needed for todays job market." The Amarillo Lubbock and Austin-Round Rock Metropolitan Statistical Areas (MSA) recorded the months lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 3.2 percent followed by the College Station-Bryan MSA with a rate of 3.4 for October. Texas workers have much to offer and there are resources available to help them find the perfect occupational fit" said TWC Commissioner Representing Labor Julian Alvarez. I encourage all job seekers to contact their local Workforce Solutions office for assistance with job training and placement." An audio download with comments from Commissioner Hughs on the latest labor market data is available on the TWC website press release page. Employment estimates released by TWC are produced in cooperation with the U.S. Department of Labors Bureau of Labor Statistics. All estimates are subject to revision. To access this and more employment data visit tracer2.com.