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Texas job growth beat goes on

June 15, 2018

Texas employers boosted their payrolls by another 35,000 positions in May, continuing a streak of job gains that began nearly two years ago, the Texas Worforce Commission reported Friday.

The state has added more than 350,000 jobs over the past year, with employment growing at a robust rate of nearly 3 percent, almost double the national rate of about 1.6 percent. The state unemployment rate held steady at 4.1 percent, even as the labor force absorbed nearly 40,000 new workers, according to the Workforce Commission.

Hiring was broadbased, spread acrosss nearly every sector. Education and health led the job gains in May, adding more than 8,000 over the month. Construction companies increased their payrolls by nearly 6,000 jobs in May, and more than 40,000 over year — an increase of 6 percent. Professional and business services, one the largest employment sectors, added 4,300 jobs last month.

The sector encompassing the oil and gas gained more than 4,000 jobs last month as rising oil prices continued to drive the industry’s recovery. Over the past year, oil and gas payrolls have jumped by nearly 30,000 jobs, or 13 percent, according to the Workforce Commission.