AUSTIN – Today, the U.S. Bureau of Labor Statistics released state-level labor market data for November 2018.
The report shows Texas employers in the government and private sectors created 14,000 net nonfarm jobs and just the private sector created 12,000 of those jobs last month. This brings the net number of total jobs created in the last 12 months to the most of any state at 365,400 jobs for a 3 percent annual increase.
Vance Ginn, Ph.D., Texas Public Policy Foundation’s senior economist and director of the Center for Economic Prosperity issued the following statement:
“With Christmas right around the corner, today’s jobs report provides more reason for Texans to cheer. Job creation remains robust in the Lone Star State and there are many help wanted signs posted by businesses across the state. We must continue this historic record of job creation by building on the past successes of the Texas Model of limited government by giving Texans even more to cheer with government spending and tax relief in the upcoming legislative session.”
The Texas Workforce Commission reports Texas’ unemployment rate of 3.7 percent in November is the lowest rate since record-keeping began in 1976 and has now been at or below 5 percent — considered to be full employment — for 52 straight months. Texas has had positive job creation in 100 of the last 106 months, or 29 consecutive months of positive annual job creation.