The latest round of employment statistics were released late last week revealing a resilient Texas economy. Among the report’s highlights:

  • Texas added 20,800 net new jobs in November 2011, bringing the year-over-year total to 226,000. This makes for 19 consecutive months of positive annual job growth.
  • The state’s unemployment rate dropped from 8.4 percent in October 2011 to 8.1 percent in November 2011, well-below the national average of 8.6 percent. This marks the 59th consecutive month that the state’s unemployment rate has been at or below the national average.
  • The state’s private sector workforce added 22,700 new jobs in November, bringing the state’s 12-month total to 289,000.

Though the state is still not out of the woods yet, it is easy to see that we’re headed in the right direction.

– James Quintero