Texas employment rebounds sharply in October
Texas hiring rebounded significantly in October from a Hurricane Harvey-induced employment drop in September, the Texas Workforce Commission reported Friday morning.
Texas added 71,500 jobs during the month, compared with a drop of 7,300 in September, as reported by the commission. The Federal Reserve Bank of Dallas separately reported a statewide employment drop for September of 4,400.
The October employment surge plunged the state’s jobless rate to 3.9 percent, the lowest level in four decades, the commission said. The September unemployment rate for Texas was 4 percent.
“By adding an impressive 71,500 jobs over the past month and 316,100 jobs over the year, Texas employers have once again demonstrated their unmatched innovation and ability to achieve success in our country’s premier place to do business,” said TWC Chairman Andres Alcantar in a prepared statement.
“This economy provides valuable opportunities for the highly skilled Texas workforce to also achieve success,” Alcantar added.
The number of San Antonio-area employed workers fell by 6,500 in a non-seasonally adjusted number. But the San Antonio unemployment rate fell to 2.9 percent last month from 3.2 percent in September as fewer people sought work, according to the commission.
The state’s service-providing sector added the most jobs in October, a total of 64, 700 jobs. The goods-producing sector added 6,800 jobs, 4,500 of those in construction and 3,200 in energy.
Among the service-providing categories, leisure and hospitality added the most jobs 34,700. Government jobs rose by7,400. The only category losing jobs was information, down by 1,300.
Later in the day, the Federal Reserve Bank of Dallas will issue its employment and unemployment reports for the state and San Antonio, including seasonally adjusted information on the San Antonio market.