Texas Economy Adds 54,500 Jobs in November and Unemployment Rate Drops to New Record Low 3.8%

The latest Employment report shows that Texas added an estimated 330,600 seasonally adjusted jobs over the past year. Texas’ total nonfarm seasonally adjusted employment increased by 54,500 jobs in November’s preliminary estimate. Annual employment growth for Texas increased to 2.7 percent in November, marking 91 consecutive months of annual growth.

Texas’ seasonally adjusted unemployment rate fell to 3.8 percent in November, setting a new record for the lowest unemployment rate recorded in four decades.

“Private-sector employers added 52,000 jobs in November and have accounted for the addition of 294,600 positions in Texas over the past year,” said TWC Commissioner Representing Employers Ruth R. Hughs. “I am encouraged by the growth across a variety of industries and commend our employers for their investment in our Texas workforce.”

View the Texas Labor Market highlights from Commissioner Ruth R. Hughs:

Employment in Education and Health Services increased by 8,200 positions. Over the year, this industry has gained 40,400 jobs. Trade, Transportation, and Utilities employment grew by 8,200 jobs, and Manufacturing industry jobs increased by 2,700 positions.

The Amarillo and Midland Metropolitan Statistical Areas (MSA) recorded the month’s lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 2.6 percent, followed by the Austin-Round Rock, College Station-Bryan and Lubbock MSAs with a rate of 2.7 percent. The San Antonio-New Braunfels MSA registered a rate of 3.0 percent for November.

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