Texas Economy Adds 21,400 Jobs in August

The latest Employment report shows that Texas added an estimated 190,600 seasonally adjusted jobs over the past year. Texas’ total nonfarm seasonally adjusted employment increased by 21,400 jobs in August’s preliminary estimate. The state has added jobs in 16 of the last 17 months.

Texas’ seasonally adjusted unemployment rate increased to 4.7 percent in August, up slightly from 4.6 percent in July, and remained below the national rate of 4.9 percent.

The Financial Activities industry recorded the largest industry employment gain over the month with 6,200 jobs added. Trade, Transportation and Utilities employment added 4,000 jobs in August. Construction employment expanded for the second consecutive month with the addition of 1,300 jobs.

The Amarillo Metropolitan Statistical Area (MSA) recorded the lowest unemployment rate for August with a 3.4 percent rate for the month. The Austin-Round Rock MSA had the second-lowest rate at 3.5 percent followed by the Lubbock MSA with a rate of 3.8 percent.

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