Texas Continues Job Growth with the Addition of 20,000 jobs in October
AUSTIN, November 2, 2015 ⎯ Texas employers added 20,000 seasonally adjusted nonfarm jobs in October, marking the eighth month of 2015 with jobs added. The state’s job increases have yielded a 1.7 percent annual growth rate continuing its string of positive annual growth for 66 consecutive months.
“Texas employers continue to contribute to the Texas economy by adding jobs, including 203,900 over the past year,” said TWC Chairman Andres Alcantar. “Thanks to the innovation and efforts of employers in a range of industries, Texas workers continue to have greater opportunities to demonstrate their world class work ethic and skill set.”
Texas’ seasonally adjusted unemployment rate increased to 4.4 percent in October, up from 4.2 percent in September, and remained below the national average of 5.0 percent.
“Texas workers have continued to provide employers with the skills and expertise needed to keep the Texas economy growing,” said TWC Commissioner Representing Labor Ronny Congleton. “Job seekers who need to upgrade their skills to prepare for today’s in-demand jobs should contact their local Workforce Solutions office for assistance.”
Service providing industries led the state’s October job gains with the addition of 12,400 jobs in Leisure and Hospitality and 3,300 positions in the Professional and Business Services industry. The Construction industry grew by 2,600 jobs in October.
“Private-sector employers added 15,900 jobs in October and have accounted for the addition of 180,800 positions in Texas over the past year as the state has continued to expand its employment,” said TWC Commissioner Representing Employers Ruth R. Hughs. “Our small businesses have contributed to the expanded opportunities and veterans are among the skilled workers who stand ready to fill these needs. We were pleased to honor both this month as we celebrated National Veterans Small Business Week and Veterans Day.”
The Amarillo Metropolitan Statistical Area (MSA) recorded the month’s lowest unemployment rate among Texas MSAs with a not seasonally adjusted rate of 3.2 percent. The Austin-Round Rock and Lubbock MSAs ranked 2nd and 3rd with rates of 3.3 and 3.4 consecutively in October.