The state’s jobless rate also held steady at an historic low.
Texas employers created 37,500 new jobs in November, marking the 115th straight month of gains, and unemployment held steady at a historic low rate, according to data released Friday by the Texas Workforce Commission.
The jobless rate remained at 3.4% for the sixth straight month. That’s the lowest since TWC began its tracking in 1976.
“Six months with a 3.4% unemployment rate is a tribute to hard-working Texans statewide,” said a statement from TWC chairman Bryan Daniel.
Dallas-Fort Worth unemployment was even lower at 3%. Texas’ Permian Basin region around Midland continued to lead the state, with a jobless rate of 2.1%.
Texas was one of only six states to add jobs in November and it led the nation, according to the U.S. Bureau of Labor Statistics. In the last 12 months, companies in the Lone Star State created a nation’s best 336,700 new jobs.
Leading the state’s job growth in November was the education and health services sector with 10,200, followed by the trade, transportation and utilities industry with 8,000. The manufacturing sector added 6,300 jobs. Eight major industries reported job growth last month.
“Texas employment growth strengthened in November,” said Christopher Slijk, assistant economist at the Federal Reserve Bank of Dallas. “Growth in the goods-producing sector surged, with construction employment accelerating and manufacturing rebounding sharply from October’s weakness. Service sector employment remained robust.”
Slijk said the growth suggests “a solid pace of economic expansion” going into 2020.
The Dallas Fed, which benchmarks BLS data with a two-step seasonal adjustment, is projecting yearly jobs growth of 1.9% or 243,500 jobs.
10:28 AM on Dec 20, 2019