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

The Texas economy gained 267,900 nonagricultural jobs from October 2012 to October 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 265,300 jobs, an annual growth rate of 2.9 percent compared with 2.1 percent for the nation’s private sector (Table 1).

Texas’ seasonally adjusted unemployment rate fell to 6.2 percent in October 2013 from 6.4 percent in October 2012. The nation’s rate decreased from 7.9 to 7.3 percent (Table 1).

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

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