Monthly Review of Texas Economy, July 2013 via Real Estate Center at Texas A&M

The Texas economy gained 290,500 nonagricultural jobs from June 2012 to June 2013, an annual growth rate of 2.7 percent compared with 1.7 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 275,800 jobs, an annual growth rate of 3 percent compared with 2 percent for the nation’s private sector (Table 1).

Texas’ seasonally adjusted unemployment rate fell to 6.5 percent in June 2013 from 7 percent in June 2012. The nation’s rate decreased from 8.2 to 7.6 percent (Table 1).

Table 2 shows Texas industries ranked by employment growth rate from June 2012 to June 2013. Table 3 shows the relative importance of the state’s industries based on number of employees.

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