Tag Archives: economy

Texas Outpaces the Nation, Adding the Most Jobs in 2022

e-Brief Features News Comments

Texas ranks first in the nation in over-the-year jobs added, with 650,100 positions gained in 2022. According to U.S. Bureau of Labor Statistics data, the state not only had the largest absolute increase in jobs added, but also attained the highest percent of seasonally adjusted total nonfarm jobs added over the year at five percent. In comparison, United States’ job growth expanded by three percent. “Texas continues to demonstrate it…

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Survey on Reopening Economy Looks to Businesses

Business Advice Community Featured News Non-Profit Comments
open sign

The McAllen Chamber of Commerce is collecting information from businesses regarding reopening the economy. The online survey is gauging what business owners and representatives of non-profit organizations in the region are willing to do in order to reopen business. The survey is primarily designed for small to medium-sized businesses. This includes franchise operations and local branches or stores of larger companies. Larger companies may still provide responses. Individual responses will…

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Down But Not Out

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To say we are all in limbo, nervous and confused about the coming weeks, months and years is an understatement. Most of the world and especially our world, the RGV, is operating in survival mode as we await possible spreading or containment of COVID-19. It has created an abundance of uncertainty for every man, woman and yes, even most children.  Normalcy was put on hiatus mid March and the future…

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Texas Maintains Record Low Unemployment Rate

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hiring

In September, the Texas economy added 7,600 seasonally adjusted Total Nonfarm positions. The unemployment rate held steady for the fourth month in a row at 3.4 percent. This matches the all-time record low first set in June. This record is currently the lowest the unemployment rate has been since series tracking began in 1976. “Texas’ fourth straight month of record-setting low unemployment rates highlights the competitive strength of Texas businesses,…

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The Time is Now for Valley Entrepreneurs

Business Advice e-Brief Features Featured News Comments
Texas

The economy is booming, especially in Texas, and it is creating great opportunities for entrepreneurs. According to WalletHub’s most recent report on the best and worst states to start a business, Texas ranked number one overall. The Lone Star State beat other high-profile states such as Silicon Valley’s California (ranked eighth), Amazon’s Washington (ranked 12th) and New York (ranked 42nd). The results were determined using 26 relevant metrics that focus across…

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LNG Plant Making Progress

Manufacturing/Industrial Comments
A rendering of what the Rio Grande LNG plant at the Port of Brownsville would look like upon completion. (Courtesy)

One of three liquified natural gas facilities proposed for the Port of Brownsville has cleared another regulatory hurdle that keeps the project on track for the company to make a final investment decision in about a year. NextDecade Corp. has announced that the Federal Energy Regulatory Commission has issued a draft environmental impact statement for its Rio Grande LNG project, as well as the associated Rio Bravo Pipeline. “We appreciate…

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INNO Highlights Impact of Future Workforce

e-Brief Features Education Events News Comments
South Texas College held its sixth annual INNO Conference dedicated to the discussion of preparing students for the workforce and jobs of the future. (photo STC)

It is urgent students are ready for jobs of the future. According to those speaking at INNO at STC, now more than ever, college graduates with real-world experience are needed for even the most entry level of jobs. Last week, INNO, STC’s sixth annual Binational Innovation Conference, welcomed those in industry, education and economic development. Each brought information focused on innovation as well as the impact of students on the…

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Local Unemployment Continues Drop

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unemployment down

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…

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Texas Economy Continues to Grow in April

e-Brief Features News Comments

The Texas economy added 39,600 seasonally adjusted nonfarm jobs in April, which marked 22 consecutive months of employment growth. Over the year, Texas added 332,300 jobs for an annual employment growth rate of 2.7 percent in April. Private sector employers added 37,900 positions over the month. Texas’ seasonally adjusted unemployment rate was 4.1 percent in April, up slightly from 4.0 percent in March. “Texas employers continue to boost the impressive…

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