Monthly Review of Texas Economy, June 2013 -- Real Estate Center at Texas A&M

Texas continues to create jobs at a pace higher than the nation. The Texas economy gained 297,900 nonagricultural jobs from May 2012 to May 2013, an annual growth rate of 2.7 percent compared with 1.6 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 279,000 jobs, an annual growth rate of 3.1 percent compared with 2 percent for the nation’s private sector (Table 1).

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

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