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Texas Cranking Out Jobs
NOV
4

By Dr. Ali
Anari, Research Economist, Real Estate Center at Texas A&M University

Oct. 25, 2011

COLLEGE STATION (Real Estate Center) – Texas was responsible for 19.4 percent of the total jobs created nationwide from September 2010 to September 2011, according
to the Real Estate Center’s latest Monthly Review of the Texas Economy.

Texas gained 248,700 nonfarm jobs during the period, an annual growth rate of 2.4 percent compared with 1.1 percent for the United States.

The state’s private sector added 281,400 jobs, an annual growth rate of 3.3 percent compared with 1.7 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate increased to 8.5 percent in September 2011 from 8.2 in September 2010. The nation’s rate decreased from 9.6 to 9.1
percent.

All industries except the information industry and the state’s government sector had more jobs in September 2011 than in September 2010. The state’s mining and
logging industry ranked first in job creation, followed by construction and the professional and business services industry.

All Texas metro areas except Abilene, Wichita Falls and Killeen-Temple-Fort Hood had more jobs in September 2011 than in September 2010. Victoria ranked first in job creation,
followed by Corpus Christi, Laredo, Odessa and College Station-Bryan.

The state’s actual unemployment rate in September 2011 was 8.4 percent. Midland had the lowest rate followed by Amarillo, Odessa, College Station-Bryan and Lubbock.

The report was written by Research Economist Dr. Ali Anari and Chief Economist Dr. Mark Dotzour.

—30—

 

Note to Editors

 

Additional research information:

Dr. Mark Dotzour, 979-862-6292 (chief economist)

Dr. Ali Anari, 979-845-2094 (econometrics)

Dr. Charles Gilliland, 979-845-2080 (rural land)

Dr. Harold Hunt, 979-847-9021 (commercial)

Dr. James Gaines, 979-845-2079 (residential)

Judon Fambrough, 979-845-2007 (legal issues)

For information on the Real Estate Center, contact Senior Editor David S. Jones at 979-845-2039 (voice), 979-845-0460 (fax) or d-jones@tamu.edu. Or contact Associate Editor Bryan
Pope, 979-845-2088 (office) or b-pope@tamu.edu.

More than 25,000 pages of data are available at the Center’s web site. News is also available in our electronic newsletter, our twice-weekly e-newsletter RECON (with RSS
feed
), our weekly Real Estate Red Zone podcast, on Facebook, daily NewsTalk Texas (with RSS feed) and on Twitter. To request a free press subscription
to our quarterly flagship periodical Tierra Grande magazine, contact David Jones at the address above.


"Texas Cranking Out Jobs" was originally posted as a blog post at RREA.com on November 3, 2011.

© 2008-2011 | Register Real Estate Advisors | Spring Texas Real Estate


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