Texas breaks monthly job record again; Austin market tightens

Nov 24, 2014
Austin Business Journal

Texas set a record for annual annual job growth while seeing its unemployment rate drop in October

Numbers released by the Texas Workforce Commission show the state added 35,200 seasonally-adjusted jobs for the month, bringing its total to 421,900 total non-farm jobs for the year. Those 

figures set the record for jobs added for the third consecutive month

Texas' seasonally-adjusted unemployment rate also fell to 5.1 percent in October, down from 5.2 percent in October and down more than a point from 6.2 percent in October 2013.

The Austin-Round Rock region has one of the tightest job markets in the state, with its unemployment rate dropping to 4 percent in October from 4.2 percent a month earlier. Back in October 

2013, Austin's unemployment rate was 5.2 percent

Midland continues to lead the state with a rate of 2.5 percent

Leading the job growth was the trade, transportation and utility sector, which tacked on 17,500 jobs for the month. For the year, the industry has added 102,700 positions, growing 4.5 

percent over the last 12 months

In fact, eight of 11 major industries in Texas grew at or above 3.5 percent annually

Other stars in the state's job growth include construction, which added 9,200 positions, and mining and logging, which added 4,100 jobs. Mining and logging — which includes the energy 

industry — has now expanded at a pace of 11.3 percent for the year, faster than any other sector in Texas

Print Article opens in new window