Annual growth rate positive for more than three straight years
AUSTIN — Texas’ seasonally adjusted total nonfarm employment expanded by 19,500 jobs in May for a total of 324,700 jobs added since May 2012. The state’s annual growth rate in May stood at 3.0 percent and has been positive every month beginning with May 2010. Texas’ seasonally adjusted unemployment rate rose slightly in May to 6.5 percent, from 6.4 percent in April, as the state’s civilian labor force population continued to grow. Texas’ unemployment rate remained below the nation’s May unemployment rate of 7.6 percent.
“The addition of 324,700 jobs over the past year, with private sector employers adding 299,800 during this period, is good news for Texas,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar. “We invite Texas employers and job seekers to visit www.texasworkforce.org to learn more about the resources and opportunities available to them across the state.”
Over the month, nine of the 11 major industries in Texas saw positive growth led by Education and Health Services, which added 5,500 jobs in May 2013. That industry has added 44,100 jobs over the last year for a 3.0 percent annual growth rate.
“I’m encouraged that Texas job seekers continue to find work,” said TWC Commissioner Representing Labor Ronny Congleton. “Despite the slight increase in the unemployment rate in May, Texas’ civilian labor force, the second largest in the nation, continues to grow, and that’s a positive sign.”
Construction remained the fastest growing major industry in Texas, based on a 6.7 percent annual growth rate. This industry has added 39,200 jobs over the year, including 500 over the last month. The Professional and Business Services industry expanded by 4,600 jobs over the month and added 59,500 jobs over the year for a 4.2 percent annual growth rate.
“The consistency of Texas’ economic growth over the year is due to the entrepreneurial spirit of our employers and our skilled workforce,” said TWC Commissioner Representing Employers Hope Andrade.
UPDATED: The Midland Metropolitan Statistical Area (MSA) had the lowest May unemployment rate in the state at 3.4 percent. The Odessa MSA came in second at 4.1 percent and the Amarillo MSA third at 4.8 percent (not seasonally adjusted).
Audio downloads from TWC Chairman Andres Alcantar on the latest labor market data are available at: www.texasworkforce.org/news/press/2013/press-releases-2013.html#pressReleaseAudio.
-The Texas Workforce Commission is a state agency dedicated to helping Texas employers, workers and communities prosper
economically. For details on TWC and the services it offers in coordination with its network of local workforce development boards, call 512-463-8942 or visit www.texasworkforce.org.Download Press Release