Texas employment hit record high for 12th consecutive month

Texas employment hit record high for 12th consecutive month
Texas employment hit record high for 12th consecutive month

Total statewide employment set a Texas record for the 12th straight month in October, the Texas Workforce Commission reported Friday.

Total employment in Texas in October rose by 694,200 jobs over the past year, while the state’s seasonally adjusted unemployment rate held steady at 4%, the lowest level since the start of the pandemic. pandemic in the spring of 2020, commission officials told reporters during a videoconference. call Friday.

“Even though it looks like the expansion has slowed down a bit, we’re still adding jobs,” said Mariana Vega, TWC’s director of labor market information. “And we’re adding jobs at, I would say, above average.”

Regionally, unemployment in the Dallas-Fort Worth area once again topped the state’s rate without seasonal adjustment, holding at 3.4% for a second consecutive month. The Amarillo and Austin metro areas once again boasted the lowest unemployment rates – both at 2.8%. The rate remained highest in the areas of McAllen at 6.1% and Beaumont-Port Arthur at 5.9%.

The state gained nearly 50,000 nonfarm jobs last month, with professional and business services such as accounting, advertising and consulting gaining the most with 18,700 new hires. Leisure and hospitality followed with 11,600 additional jobs.

Such active participation in the labor market and stable unemployment are good signs for the state’s economy, said TWC Chairman Bryan Daniel.

“The growth is very broadly distributed geographically across the state,” he said. “We see that the growth is evenly distributed among the different industries in the state. All of these things, in my opinion, mark a very strong labor market report.”

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. Texas employment reaches level record for #12th consecutive month