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

The Texas economy gained 331,100 nonagricultural jobs from April 2012 to April 2013, an annual growth rate of 3.1 percent compared with 1.6 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 312,200 jobs, an annual growth rate of 3.5 percent compared with 2 percent for the nation’s private sector (Table 1).

Texas’ seasonally adjusted unemployment rate fell to 6.4 percent in April 2013 from 7 percent in April 2012. The nation’s rate decreased from 8.1 to 7.5 percent (Table 1).

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

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