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

The Texas economy gained 258,500 nonagricultural jobs from August 2012 to August 2013, an annual growth rate of 2.4 percent compared with 1.7 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 247,800 jobs, an annual growth rate of 2.7 percent compared with 2 percent for the nation’s private sector (Table 1).

Texas’ seasonally adjusted unemployment rate fell to 6.4 percent in August 2013 from 6.8 percent in August 2012. The nation’s rate decreased from 8.1 to 7.3 percent (Table 1).

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

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