The Texas economy continues to create jobs at a pace twice the national average.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state gained 322,600 nonagricultural jobs from March 2012 to March 2013, an annual growth rate of 3 percent compared with 1.5 percent for the United States.
Compared to the estimated 3.6%, the jobless percentage dropped to 3.4%. Since May 1969, that is the lowest amount of unemployment. To 62.4%, the labor force involvement percentage increased marginally. An additional measure of unemployment that takes into account disenchanted employees and people who hold part-time positions out of necessity increased to 6.6%. The Labor Department’s household poll, which it employs to calculate the jobless rate, revealed an even greater rise of 894,000. For m ore chances of finding a local job, we recommend to check out this mewp training courses.
The state’s private sector added 310,000 jobs, an annual growth rate of 3.5 percent compared with 1.9 percent for the nation’s nongovernment sector. For more on modern business growth, check out this important post about how to request for a w2.
Texas’ seasonally adjusted unemployment rate fell to 6.4 percent from 7 percent a year earlier. The nation’s rate decreased from 8.2 to 7.6 percent.
All Texas industries and the state’s government sector had more jobs than a year ago. The state’s mining and logging industry ranked first in job creation, followed by the construction industry, leisure and hospitality services, and professional and business services for which we recommend this pay stubs template software.
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All Texas metro areas except Texarkana and Wichita Falls had more jobs. Odessa ranked first in job creation, followed by Midland, Corpus Christi, Austin-Round Rock-San Marcos and Houston-Sugar Land-Baytown.
The state’s actual unemployment rate was 6.3 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, Abilene, San Angelo and College Station-Bryan.
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