Texas Employers Add Jobs for 20th Straight Month – Texas unemployment rate down to 7.0 percent

AUSTIN — Texas added 10,900 jobs in March, marking the 20th consecutive month of growth in the state’s total nonfarm employment, which now stands at 10,741,700 positions. Texas added 245,700 jobs over the year for an annual job growth rate of 2.3 percent. Private sector employers in Texas added 8,000 jobs over the month, totaling 300,600 private sector job gains over the year for an annual growth rate of 3.5 percent.

The state’s seasonally adjusted unemployment rate dropped to 7.0 percent in March, marking the seventh consecutive month of decline. March’s unemployment rate was down from 7.1 percent in February, and from 8.0 percent a year ago. Texas’ unemployment rate is significantly below the national unemployment rate of 8.2 percent.

“The Texas economy continues to show strength,” said Texas Workforce Commission (TWC) Chairman Tom Pauken. “We’ve remained below the national unemployment rate for 63 straight months, and Texas continues to show private sector job growth.”

Eight of the 11 major industries in Texas added jobs over the month. Leisure and Hospitality led the way with the addition of 6,000 jobs. Over the past year, this industry has added 49,900 jobs for an annual growth rate of 4.8 percent.

“The prospects for Texas job seekers continue to improve,” said TWC Commissioner Representing Labor Ronny Congleton. “We encourage those still searching for employment or affected by layoffs to contact a local Workforce Solutions Office to take full advantage of the services they offer.”

Texas’ Manufacturing industry added 2,900 jobs in March for a total of 23,700 jobs gained over the year, and an annual growth rate of 2.9 percent.

“Employment in Mining and Logging rose by 2,000 jobs in March, continuing that industry’s expansion over the last 29 months,” said TWC Commissioner Representing the Public Andres Alcantar. “TWC stands ready to assist job seekers in capitalizing on the opportunities available across our diverse industries.”

The Midland Metropolitan Statistical Area (MSA) had the lowest March unemployment rate in the state at 3.7 percent. The Odessa MSA came in second at 4.4 percent, and the Amarillo MSA third at 4.8 percent (not seasonally adjusted).

Audio downloads from TWC Chairman Tom Pauken on the latest labor market data are available at the following link: http://www.texasworkforce.org/news/press/2012/praudio12.html.

Please note that the unemployment estimates for the United States and Texas in this chart are “Not Seasonally Adjusted” for purposes of comparison to the “Not Seasonally Adjusted” Metropolitan Statistical Area data.

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.

Local Unemployment Data (Northeast Texas Workforce Solutions)

Northeast Texas Workforce Development Area (WDA) Unemployment Rates*:

Bowie Co.            7.0

Cass Co.               9.3

Delta Co.              7.2

Franklin Co.        6.7

Hopkins Co.        6.2

Lamar Co.            9.4

Morris Co.           10.0

Red River Co.     10.7

Titus Co.               7.0

North East Texas Workforce Development Area    7.8

Texarkana MSA – 6.7

*Not-seasonally adjusted

 

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