The Texas economy added 32,000 seasonally adjusted nonfarm jobs in August, which marked 26 consecutive months of employment growth. Over the year, Texas added 394,500 jobs for an annual employment growth rate of 3.2 percent. Private-sector employers added 32,800 positions over the month. Texas’ seasonally adjusted unemployment rate dropped to 3.9 percent in August, down slightly from 4.0 in July 2018.
Locally, unemployment rates are also down in Metropolitan Statistical Areas. Brownsville-Harlingen came in at 6.2 percent, down from 6.5 percent in July and 7.2 in August 2017. McAllen-Edinburg-Mission is slightly higher at 6.6 percent, but down from seven percent in July and 7.8 percent one year ago.
“We are encouraged to see the Texas economy continue to expand with private-sector employers adding 32,800 jobs in August and accounting for an impressive 390,100 jobs over the year,” said Texas Workforce Commission Chair Ruth Ruggero Hughs. “Texas’ world-class employers and highly-skilled workforce continues to demonstrate competitive advantages and provide marketplace opportunities that keep our state the best in the country to do business.”
August’s annual growth in the state’s Goods Producing industries was strong at 6.4 percent. Manufacturing led the three Goods Producing industries, adding 3,200 jobs. Following are Mining and Logging with 2,700 jobs and Construction, which added 900 jobs over the month.
In Texas’ Service Providing sector, Professional and Business Services led all major industries and added 10,300 positions over the month. Also within this sector, Trade, Transportation and Utilities added 8,700 positions followed by Education and Health Services with a gain of 5,300 positions.