State records record-level employment gains in the fourth quarter
The Texas economy added 306,900 seasonally adjusted nonfarm jobs over the year, including 400 jobs added in December. Annual employment growth for Texas was 2.5 percent in December, marking 92 consecutive months of annual growth. Texas ended 2017 with record-level job creation numbers during the fourth quarter, adding 121,300 jobs from October to December.
“TWC looks forward to another year of strong partnerships with innovative Texas employers as they continue to create valuable opportunities for the Texas workforce and contribute to our state’s economic success,” said Texas Workforce Commission (TWC) Chairman Andres Alcantar.
Texas’ seasonally adjusted unemployment rate was to 3.9 percent in December and remains below the U.S. unemployment rate of 4.1 percent.
“Private sector employers had a successful year in Texas, adding almost 270,000 jobs since December 2016,” said TWC Commissioner Representing Employers Ruth R. Hughs. “This growth is a great illustration of the value and opportunity that employers bring to the Texas economy.”
View the Texas Labor Market highlights from Commissioner Ruth R. Hughs:
Industries adding jobs in December included Leisure and Hospitality, which added 6,800 jobs; Construction added 4,300 jobs; and Information, which added 3,600 jobs, and includes traditional and software publishing, data processing and hosting, and telecommunications companies.
“The unemployment rate in Texas fell nearly a point over the year 2017, which is great news for workers in the Lone Star State,” said TWC Commissioner Representing Labor Julian Alvarez. “Positive economic growth means continued opportunities for the expanding labor force here in Texas.”