Earlier today, the Texas Workforce Commission released its latest round of employment data for the state. This new release, covering February 2012, is proof that Texas’ economy continues to trend in the right direction.
Highlights from the report:
– Texas’ economy added 27,900 net new jobs in February 2012; – Year-over-year, the state’s economic growth resulted in 273,900 net new jobs since February 2011; – Private sector employers created 15,100 net new positions for the month, while the government sector added 12,800. – Eight of the state’s 11 major industries added jobs in February; and – The state’s unemployment rate for February was 7.1 percent, down from 7.3 percent in the previous month and more than a full percentage point below the national average, 8.3 percent. This marks the 62nd consecutive month that Texas’ unemployment rate has been at or below the national average;
All in all, a lot of positive news to come out of today’s release-Texas’ employment picture continues to improve, job creation is happening across many different sectors, and the state’s unemployment rate not only remains relatively low but continues its downward trend.
-James Quintero