The Texas economy gained 275,700 nonagricultural jobs from November 2012 to November 2013, an annual growth rate of 2.5 percent compared with 1.7 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 261,700 jobs, an annual growth rate of 2.8 percent compared with 2.1 percent for the nation’s private sector (Table 1).
Texas’ seasonally adjusted unemployment rate fell to 6.1 percent in November 2013 from 6.3 percent in November 2012. The nation’s rate decreased from 7.8 to 7 percent (Table 1).
Table 2 shows Texas industries ranked by employment growth rate from November 2012 to November 2013. All Texas industries had more jobs in November 2013 than in November 2012. The state’s professional and business services industry ranked first in job creation followed by the mining and logging industry, trade industry, information industry, and leisure and hospitality industry.
Read more...Monthly Review of Texas Economy, December 2013 -- Real Estate Center at Texas A&M