Texas Sets Annual Job Growth Record for Fourth Month in a Row
AUSTIN, December 19, 2014 - Continuing its momentum of strong job growth, Texas added 34,800 seasonally adjusted total nonfarm jobs in November, for a total of 441,200 jobs added since last year. This broke the state’s previous record set in October, as the state’s annual job growth expanded to a new high for a fourth month in a row.
Even more Texans were employed in November as the seasonally adjusted unemployment rate fell to 4.9 percent from 5.1 percent in October, and down from 6.1 percent a year ago.
“The Texas economy continued its record-breaking expansion, providing job opportunities across a wide range of industries,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “Texas employers set another record by adding 441,200 jobs over the year and we must continue to focus our efforts on expanding our state’s skilled workforce to meet employer needs in high-demand industries.”
Seven of 11 major industries added jobs in Texas over the month, including an additional 13,500 jobs in Professional and Business Services, 7,200 jobs added in Education and Health Services and 6,000 jobs added in Leisure and Hospitality.
In November, employers added 4,500 Manufacturing jobs, marking the industry’s largest monthly increase since January 2006. Construction grew by 3,600 jobs. The Information industry added 3,300 jobs in November and includes jobs in publishing, telecommunications, data processing, hosting and related services.
“Employers in the private sector continued to drive economic growth, adding 31,900 jobs in November for an impressive total of 409,700 jobs over the last 12 months,” said TWC Commissioner Representing Employers Hope Andrade.
The Midland Metropolitan Statistical Area (MSA) had the lowest November unemployment rate in the state at 2.3 percent. The Odessa MSA came in second at 2.8 percent and the Amarillo MSA ranked third at 3.3 percent (not seasonally adjusted).