Published: 04-03-08
Texas Employers Add 13500 Jobs in February
AUSTIN — The February statewide seasonally adjusted unemployment rate decreased to 4.1 percent down from 4.3 percent in January and 4.5 percent in February 2007 reflecting lows not seen since the mid-1970s.
The 4.1 percent February unemployment rate in Texas remains significantly below the U.S. unemployment rate of 4.8 percent. Seasonally adjusted nonagricultural employment in Texas grew by 13500 jobs in February. Texas employers now have added 235000 jobs over the past
12 months for an annual growth rate of 2.3 percent.
“Texas has once again reached a prominent benchmark – a more than 30-year record low for unemployment” said newly appointed Texas Workforce Commission (TWC) Chairman Tom Pauken. “Our falling unemployment coupled with this month’s significant job gains indicates the sustained health and vitality of the Texas economy.”
The Midland Metropolitan Statistical Area (MSA) experienced the lowest unemployment rate in the state at 2.6 percent (not seasonally adjusted). The Odessa MSA was second at 3.1 percent followed by the Amarillo MSA at 3.2 percent.
Topping the job tally was Trade Transportation and Utilities which posted gains of 6600 positions in February for a total of 37400 jobs created since February 2007. Leisure and Hospitality increased by 4900 positions last month for a total of 42400 jobs added in the past 12 months.
“Texas employers spurred job growth again this month adding 13500 positions in February across a broad range of industry sectors” said TWC Commissioner Representing Employers Ron Lehman. “The unwavering commitment that Texas has shown to economic and workforce development has resulted in a resilient Texas labor market. While states across the nation are seeing a slowdown of job growth this strong foundation is buffering what we are experiencing in Texas.”
The Construction industry gained 1900 positions in February with 27300 jobs added over the year for an annual job growth rate of 4.3 percent. The Financial Activities and Professional and Business Services sectors grew in February by 1800 and 1600 positions respectively adding more than 60000 jobs this past year.
“Texas is the place to be for those seeking new jobs” said TWC Commissioner Representing Labor Ronny Congleton. “With gains of more than 13000 jobs in February there are job opportunities in many industry sectors.”
