Texas Unemployment Rate Holds Steady at 3.4 Percent
 

AUSTIN August 19, 2019 - In July, the Texas economy added 35,200 seasonally adjusted Total Nonfarm positions. The unemployment rate held steady at 3.4 percent matching the all-time record low set in June. This record is currently the lowest the unemployment rate has been since series tracking began in 1976.

“It is remarkable and a testament to the strength of our industries that Texas continues to maintain a historic low unemployment rate of 3.4%,” said TWC Chair and Commissioner Representing Employers Ruth R. Hughs. “Our economy remains strong as a result of the continuing growth of our Texas employers and our thriving industries.”

Texas employers added 323,300 jobs over the year. Total nonfarm annual employment growth was at 2.6 percent in July and has held above 2.0 percent since February 2018.

“I am incredibly proud of our robust and ever-growing workforce,” said TWC Commissioner Representing Labor Julian Alvarez. “Texas cannot have a record low unemployment rate without talented and skilled workers eager and ready to fill open positions.”

Leading job growth in July was the Leisure and Hospitality industry adding 8,300 jobs in July, followed by the Construction industry adding 6,300 jobs and Education and Health Services which added 6,100 jobs.

“The fact that Texas private-sector employers added 316,600 jobs this year speaks for itself,” said TWC Commissioner Representing the Public Bryan Daniel. “More jobs mean more exciting, rewarding careers for Texans which strengthens our communities and our state.”

The Midland Metropolitan Statistical Area (MSA) recorded July’s lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 2.2 percent, followed by the Amarillo and Odessa MSAs which each recorded at 2.8 for the second lowest rate.

 
 
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