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Texas Is Doing Better

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Texas Economy Still About (More) Jobs
COLLEGE STATION (Real Estate Center) – The Texas economy gained 267,900 non-agricultural jobs from October 2012 to October 2013, an annual growth rate of 2.4 percent compared with 1.7 percent for the United States.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state’s non-government sector added 265,300 jobs, an annual growth rate of 2.9 percent compared with 2.1 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate fell to 6.2 percent in October from 6.4 percent a year earlier. The nation’s rate decreased from 7.9 to 7.3 percent

All Texas industries except the transportation, warehousing and utilities industry had more jobs this October than last. The state’s mining and logging industry ranked first in job creation, followed by the professional and business services industry, information industry, trade industry, and leisure and hospitality industry.

All Texas metro areas except Texarkana had more jobs than in October last year. Midland ranked first in job creation, followed by Odessa, Longview, Corpus Christi, Fort Worth-Arlington, Dallas-Plano-Irving and Houston-Sugar Land-Baytown.

The state’s actual unemployment rate in October was 6 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, Abilene, Lubbock and San Angelo.

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