Jobs Report: Texas Unemployment Drops to 5.2 Percent

Texas’ seasonally adjusted unemployment rate fell to 5.2 percent last month from 6.3 percent in September 2013. The nation’s rate decreased from 7.2 to 5.9 percent.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the Texas economy gained 410,900 nonagricultural jobs from September 2013 to September 2014, an annual growth rate of 3.7 percent compared with 2 percent for the United States. 

The state’s nongovernment sector added 372,500 jobs, an annual growth rate of 3.9 percent compared with 2.3 percent for the nation’s private sector.

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

Every Texas metro had more jobs than a year ago as well. Midland ranked first in job creation, followed by Odessa, Houston-Sugar Land-Baytown, Longview, Victoria, and Austin-Round Rock-San Marcos.

The state’s actual unemployment rate last month was 5 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, Lubbock, San Angelo and College Station-Bryan.
Source: Real Estate Center at Texas A&M University, Bryan Pope, Associate Editor