Texas added jobs for the fourth consecutive month with the addition of 31,400 seasonally adjusted nonagricultural jobs in July, Texas Workforce Commission (TWC) announced. The state has added jobs in 57 of the last 58 months.
Texas’ seasonally adjusted unemployment rate remained at 4.2 percent in July, the lowest monthly unemployment rate since July 2007. The state has posted a 4.2 percent unemployment rate in four of the first seven months of 2015. Texas’ unemployment rate continues to trend well below the national rate of 5.3 percent and is down from 5.0 percent a year ago.
Industries with notable gains include:
- Employers in the trade, transportation and utilities industry expanded their payrolls by 13,300 jobs in July, contributing to a 3.0 percent annual growth rate for this industry.
- The leisure and hospitality industry added jobs for the 49th consecutive month, with 5,300 positions added.
- The construction industry picked up 2,200 jobs in July.
The lowest rate of unemployment for a Texas Metropolitan Statistical Area (MSA) belonged to the Midland MSA in July with a not seasonally adjusted rate of 3.3 percent, followed by the Amarillo MSA with a 3.4 percent rate and the Austin-Round Rock MSA with a rate of 3.5 percent.
Employment estimates released by TWC are produced in cooperation with the U.S. Department of Labor’s Bureau of Labor Statistics. All estimates are subject to revision.
Source: TWC
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