Monthly Review of Texas Economy, June 2014 via Real Estate Center at Texas A&M

The Texas economy gained 375,300 nonagricultural jobs from May 2013 to May 2014, an annual growth rate of 3.4 percent compared with 1.8 percent for the United States (Table 1 and Figure 1). The state’s nongovernment sector added 343,000 jobs, an annual growth rate of 3.7 percent compared with 2.1 percent for the nation’s private sector (Table 1).

Texas’ seasonally adjusted unemployment rate fell to 5.1 percent in May 2014 from 6.4 percent in May 2013. The nation’s rate decreased from 7.5 to 6.3 percent (Table 1).

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