Texas Adds 19K+ Jobs, Unemployment Rate Doesn’t Change
The Texas economy added 19,100 jobs and the state’s seasonally adjusted unemployment rate stayed the same at 5.1 percent in June, the Texas Workforce Commission reported today.
While the Texas numbers are nothing to sneeze at — the state ranked No. 4 nationally in June — the job growth pace has slowed from the previous two months — even with May’s job growth revised from 56,400 to 55,500, according to data from the U.S. Bureau of Labor Statistics. The slowdown from April and May can be attributed to the construction industry and certain parts of the service sector.
The state’s monthly numbers come after the nation added stronger-than-expected jobs in June, which most economists translated as a sign the economy had shifted into a higher gear after a first weak quarter. The U.S. jobless rate was 6.1 percent last month.
In June, Florida led the nation in job growth, adding 37,400 jobs. Next was California (+24,200 jobs) and New York (+22,500 jobs). Overall, 33 states and Washington, D.C., added jobs and 17 states lost jobs last month, according to BLS data.
Economists tend to ignore volatile job numbers and look at the longer term picture. By that measure, Texas has nothing to worry about.