Texas unemployment rate reaches a 42-year low
Texas’ jobless rate in October dipped to 3.7 percent from 3.8 percent in September — the lowest level since the state started tracking unemployment data in 1976.
The Texas Workforce Commission on Friday said state employers added 32,300 worker to their payroll, marking the 28th consecutive month of job growth.
“These numbers highlight the strategic job creation efforts of our Texas employers, and provides our world-class workforce with career options in a variety of growing industries,” TWC Chair Ruth R. Hughs said in a news release. “Texas is a state that always welcomes new employers and also supports our homegrown businesses, offering them the tools they need to succeed and build on our continued success as a global economic leader.”
The national unemployment rate also was 3.7 percent, holding steady from September.
For Texas, the overall growth rate was 3.1 percent, with goods-producing industries growing at a brisk 6.6 percent.
Employers in the trade, transportation and utilities sector led the hiring trend with 8,900 positions added over the month. Other strong sectors included leisure and hospitality with 8,700 jobs, followed by education and health services with 5,100 new jobs.
Mining and logging, which takes in oil and gas jobs, added 4,300 workers; the construction industry grew by 1,500 positions.
According to the non-seasonally-adjusted state data, the Midland metropolitan statistical area had the lowest unemployment rate of 2.1 percent. The San Antonio-New Braunfels metro area came in at 3 percent.
Lynn Brezosky is a San Antonio-based staff writer covering trade, agriculture and the economy. Read her on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | firstname.lastname@example.org | Twitter: @lbrezosky