Texas creates 46,600 jobs in July
2015-04-21
Texas continues to beat the national unemployment rate, tacking on 46,600 seasonally adjusted jobs in July, according to data the Texas Workforce Commission reported Aug. 15.
The state’s seasonally adjusted unemployment rate held at 5.1 percent for the month, more than a percentage point lower than the nation’s at 6.2 percent. The number is a reflection of the 396,200 jobs the state has added over the past year.
“Texas employers continue to propel the Texas economy’s expansion by adding 396,200 jobs over the last year, a 3.5 percent annual growth rate,” TWC Chairman Andres Alcantar said in a statement. “The Texas economic engine is strong, with every major industry posting positive annual growth in July.”
Professional and business services accounted for about a quarter of job growth for the month, adding 10,600 positions and bringing its yearly new job total to 72,300. Trade, transportation and utilities; mining and logging; and construction also reported annual job growth rates of more than 3 percent.
Leading the job growth charge was the Midland metropolitan statistical area, which boasted the lowest unemployment rate for the month at 2.9 percent. Taking second was the Odessa area, at 3.6 percent, and Amarillo, at 4.1 percent. The Houston area logged a rate of 5.5 percent, up slightly from 5.4 percent a month earlier but down from 6.5 percent a year earlier.
However, the all metropolitan rates reported by the TWC are not adjusted for seasonal employment trends, such as students looking for summer jobs. For comparison, Texas recorded a 5.6 percent unemployment rate, not adjusted, up from 5.5 percent in June and down from 6.7 percent a year ago.
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