Close

Nelly Mitford

ABRM, AHSS, CHMS, CIPS, CLHMS, CNHS, CRP, MCNE, TRLP, TRC
  4.98/5 View Ratings
Mitford Real Estate Group
< BACK Subscribe

Oil Industry Boosts Texas Job Growth

February 2nd, 2012


 

Oil Industry Boosts Texas Job Growth

COLLEGE STATION (Real Estate Center) – Texas’ mining and logging industry ranked first in job creation in the past year, followed by the professional and business services industry, and the leisure and hospitality industry, according to the latest Monthly Review of the Texas Economy.

Overall, the state’s economy gained 205,100 nonagricultural jobs from December 2010 to December 2011, an annual growth rate of 2 percent compared with 1.3 percent for the United States. The state’s nongovernment sector added 261,200 jobs, an annual growth rate of 3 percent compared with 1.8 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate fell from 8.3 percent to 7.8 percent while the nation’s rate decreased from 9.4 percent to 8.5 percent.

All Texas industries except the information industry, construction industry, and the state’s government sector had more jobs in December 2011 than in December 2010.

All Texas metro areas except Abilene, Wichita Falls, College Station-Bryan, Killeen-Temple-Fort Hood, Brownsville-Harlingen and Beaumont-Port Arthur had more jobs in December 2011 than in December 2010. Laredo ranked first in job creation followed by Corpus Christi, Victoria, Lubbock, Midland and Houston-Sugar Land-Baytown.

The state’s actual unemployment rate in December 2011 was 7.2 percent. Midland had the lowest unemployment rate followed by Amarillo, Odessa, Lubbock, College Station and San Angelo.


Join the discussion

To post a comment on this blog post, you must be an HAR Account subscriber, or a member of HAR. If you are an HAR Account subscriber or a member of HAR, please click here to login. If you would like to create an HAR Account account, please click here.

Login to Comment
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

Join My Blog

Real Estate Education for Sellers, Buyers and Relocating Families. Educacion de Bienes y Raices o Inmobiliario para Vendedores, Compradores y Familias Relocalizando a nuestra area.
Mitford Real Estate Group
6700 Woodlands Parkway 230-251, The Woodlands, TX 77382   Get Directions
Phone: (713) 206-8351
Fax:
  • Archive
    •     2018
    •     2014
    •     2013
    •     2012
    •     2011