AUSTIN – Today, the U.S. Bureau of Labor Statistics released state-level labor market data for February 2018. Texas employers created the most net nonfarm jobs of any state with an estimated 40,500 added. The Texas Public Policy Foundation’s director of the Center for Economic Prosperity and senior economist Dr. Vance Ginn issued the following statement:
“The best path for Texans to have a more prosperous future is to have a job,” said Ginn. “Employment allows them opportunities to have the dignity of being a productive member of society instead of being held back from reaching their full potential on government welfare. With more control over their family's budget, Texans can flourish by focusing on being healthier, spending time with loved ones, and enjoying life's many blessings."
Texas’ current unemployment rate is 4 percent. That makes for 44 straight months with the rate at or below 5 percent, what many economists consider full employment. The Texas Workforce Commission reports job creation increased in major Texas metro areas and their unemployment rates remain essentially unchanged: Austin-Round Rock at 3 percent, Dallas-Fort Worth-Arlington at 3.7 percent, Houston-The Woodlands-Sugar Land at 4.7 percent, and San Antonio-New Braunfels at 3.4 percent.
For more information, please contact Alicia Pierce at email@example.com or 512-472-2700.
The Texas Public Policy Foundation is a non-profit free-market research institute based in Austin that aims to foster human flourishing by protecting and promoting liberty, opportunity, and personal responsibility.