Texas Economy Continues To Grow – 27,000+ Positions In June
Even though things are a little rough here on the job front lately (Red River Army Depot Layoffs) the good news is the Texas economy is still booming and fresh June, 2018 numbers are in from the Texas Workforce Commission, Texas added 27,200 positions in June.
According to the Press Release, the Texas economy added 27,200 seasonally adjusted nonfarm jobs in June, which marked 24 consecutive months of employment growth. Over the year, Texas added 359,500 jobs for an annual employment growth rate of 2.9 percent. Private-sector employers added 26,400 positions over the month. Texas’ seasonally adjusted unemployment rate was 4.0 percent in June, down slightly from May 2018.
“Recognition of Texas as the premier place to do business in the country is reinforced by employers adding another 27,200 jobs in June and an impressive 359,500 jobs over the year,” said TWC Chairman Andres Alcantar. “Broad-based growth across our industries remains solid with ten of eleven industries adding jobs in the dynamic and prolific job creating Texas economy."
June’s annual growth in the state’s Goods Producing industries was strong at 5.8 percent. Over the month, Mining and Logging added 4,900 jobs, followed by the Construction industry with 2,900 positions, while Manufacturing employment expanded by 2,600 positions.
In Texas’ Service Providing sector, Professional and Business added 7,300 positions over the month, and led all industries in job growth for June. Also within this sector, Education and Health Services added 6,000 jobs, followed by Leisure and Hospitality with a gain of 3,500 positions.
"Private-sector employment remained strong with Texas employers adding 351,700 jobs over the year and 26,400 jobs added in June,” said TWC Commissioner Representing Employer Ruth Ruggero Hughs. “TWC is committed to developing innovative workforce programs and supporting Texas businesses with a skilled talent pipeline that is unmatched throughout the nation.”
For more information go to twc.state.tx.us/.