– The Texas economy continues to outpace the U.S. economy in job creation. The state gained 330,600 non agricultural jobs from November 2016 to November 2017, an annual growth rate of 2.7 percent, higher than the nation’s employment growth rate of 1.4 percent.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the non government sector added 294,600 jobs, an annual growth rate of 2.9 percent, also higher than the nation’s employment growth rate of 1.6 percent in the private sector.
Texas’ seasonally adjusted unemployment rate in November was 3.8 percent, lower than the 4.8 percent rate in November 2016. The nation’s rate decreased from 4.6 to 4.1 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by manufacturing, other services, financial activities, professional and business services, construction, leisure and hospitality, and transportation, warehousing, and utilities.
All Texas metro areas except Brownsville-Harlingen and Waco had more jobs. College Station-Bryan ranked first in job creation followed by San Antonio-New Braunfels, Corpus Christi, Dallas-Plano-Irving, El Paso, and Austin-Round Rock.
The state’s actual unemployment rate in November was 3.7 percent. Amarillo and Midland had the lowest unemployment rate followed by Austin-Round Rock, College-Station-Bryan, Lubbock, and San Antonio-New Braunfels.