Texas Economy Adds 19600 Jobs in July

TWC Texas Insider Report: AUSTIN Texas The Texas economy expanded for the 13th consecutive month with the addition of 19600 seasonally adjusted nonfarm jobs in July. Texas seasonally adjusted unemployment rate fell to 4.3 percent down from 4.6 percent in June. Annual employment growth for Texas was 2.4 percent which was double the annual growth rate as compared to a year ago. Texas employers created 293400 jobs over the past year and the dynamic Texas economy continues to provide competitive advantages to employers across the state" said TWC Chairman Andres Alcantar. TWC will continue to focus on the workforce needs of our growing industries and build partnerships that enhance the skills of our world class workforce." The Leisure and Hospitality Industry recorded the largest private-industry gain over the month with 7000 jobs added. Financial Activities expanded by 5200 jobs and recorded a 3.6 percent annual growth ratethe industrys highest since August 2013. Professional and Business Services saw an increase of 5000 jobs in July. Texas employers continue to keep our states economy strong with private-sector employment expanding over the year with overall job-growth of 266000 including 20500 jobs added in July" said TWC Commissioner Representing Employers Ruth Hughs. Texas is a state that continues to welcome new employers and work with our homegrown businesses offering them the tools they need to grow and succeed." The Amarillo Metropolitan Statistical Area (MSA) recorded the months lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 3.1 percent followed by the Austin-Round Rock and Midland MSAs with a rate of 3.2 percent. The College Station-Bryan and Sherman-Denison MSAs registered a rate of 3.5 percent for July. Several Goods Producing industries are showing strength in Texas including Manufacturing which expanded by 2900 jobs in July" said TWC Commissioner Representing Labor Julian Alvarez. I encourage our labor force to tap into TWCs training resources like our apprenticeship training program that can help prepare them for a good-paying career." An audio download with comments from Chairman Alcantar on the latest labor market data is available on the TWC 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.