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COLLEGE STATION (Real Estate Center) – March 26, 2019 – Texas gained 268,800 nonagricultural jobs from February 2018 to February 2019, an annual growth rate of 2.2 percent, higher than the nation’s employment growth rate of 1.7 percent.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy report, the nongovernment sector added 256,000 jobs, an annual growth rate of 2.5 percent. That is more than the nation’s employment growth rate of 1.9 percent in the private sector.
Texas’ seasonally adjusted unemployment rate in February 2019 was 3.8 percent, lower than the 4.1 percent rate in February 2018. The nation’s rate decreased from 4.1 to 3.8 percent.
All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by manufacturing; transportation, warehousing, and utilities; construction; other services; leisure and hospitality; and professional and business services.
Texas metro areas had more jobs. Midland ranked first in job creation followed by Odessa, Dallas-Plano-Irving, College Station-Bryan, Houston-The Woodlands-Sugar Land, and Sherman-Denison.
The state’s actual unemployment rate was 3.9 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, Austin-Round Rock, College Station-Bryan, Lubbock, San Angelo, and Sherman-Denison.