By David S. Jones, Senior Editor, Real Estate Center
Release No. 17-0511
COLLEGE STATION, Tex. (Real Estate Center) — Texas’ economy is not only outperforming
the United States, but the state’s nonfarm employment is growing twice as fast.
Texas gained
254,000 jobs during the 12 months ending April 30, an annual growth rate of 2.5
percent, according to the latest Monthly Review of the Texas Economy produced by the Real Estate Center at Texas A&M University.
During that same period, U.S. nonfarm employment rose 1.1 percent.
The state’s private sector employment growth also was higher than the nation as a whole, 3
percent compared with 1.7 percent.
Texas’ seasonally adjusted unemployment dipped to 8 percent in April, from 8.2 percent
from the same time last year. Meanwhile, national unemployment fell from 9.8
percent to 9 percent.
“All Texas industries except the information industry had more jobs in April 2011 than a
year earlier,” said Center Research Economist Dr. Ali Anari, coauthor of the
monthly report.
Mining and logging ranked first in job creation during the period with 31,800 additions,
an annual growth rate of 15.9 percent. Jobs got a boost as the average number
of active rotary rigs increased from 668.7 to 848.1, according to Hughes Tool
Co.
The 24,500 new construction jobs (a 4.3 percent increase) ranked that industry second.
Gains came in building construction (200 jobs), heavy and civil engineering
construction (10,700) and specialty trade contractors (13,600).
Texas’ professional and business services sector added 54,200 jobs, an annual growth
rate of 4.3 percent. This included 46,900 jobs in administrative and support
services and 7,300 in professional, scientific and technical services.
The state’s education and health services industry added 49,600 jobs, an annual growth rate
of 3.6 percent. Health services accounted for 50,100 while education lost 500.
The state’s leisure and hospitality industry gained 30,400 jobs, an annual growth rate of 3
percent.
For the April-to-April reporting period, the trade sector added 41,100 jobs, up 2.5
percent. Jobs in this industry included 15,900 in wholesale and 25,200 in
retail. Trade is the state’s largest industry after government.
Other services (repair and maintenance; personal and laundry services; and religious,
civic and professional organizations) gained 9.100 jobs, a 2.5 percent annual
growth rate. Transportation, warehousing and utilities gained 9,200 jobs, a 2.2
percent growth rate.
All Texas metropolitan areas except Abilene had more jobs in April 2011 than they did in
April 2010. Petroplex Odessa ranked first in job creation (up 4.5 percent)
followed by petroplex Midland (up 4 percent) then Dallas-Plano-Irving (up 3.1
percent), Beaumont-Port Arthur (up 3.1 percent) and Amarillo (up 3 percent).
The statewide average was 2.5 percent.
Texas Industries Employment Growth Rate, April 2010 to
April 2011
1. Mining and logging: + 31,800 jobs (15.9 percent).
2. Construction: +24,500 jobs (4.3 percent).
3. Professional and business services: +54,200 jobs (4.3 percent).
4. Education and health services: +49,600 jobs (3.6 percent).
5. Leisure and hospitality: +30,400 jobs (3.0 percent).
6. Trade: +41,100 jobs (2.5 percent).
7. Other services: +9,100 jobs (2.5 percent).
8. Transportation, warehousing, utilities: +9,200 jobs (2.2 percent).
9. Manufacturing: +11,400 (1.4 percent).
10. Financial activities: +2,000 jobs (0.3 percent).
11. Government: 2,300 jobs (0.1 percent).
12. Information: -11,600 jobs (-5.9 percent).
Sources:
Texas Workforce Commission and Real Estate Center at Texas A&M University
Texas Metropolitan Areas Ranked by Employment Growth
Rate, April 2010 to April 2011 (in Percent)
1. Odessa 4.5
2. Midland 4.0
3. Dallas-Plano-Irving 3.1
4. Beaumont-Port Arthur 3.1
5. Amarillo 3.0
6. Killeen-Temple-Fort Hood 2.6
Texas 2.5
7. Fort Worth-Arlington 2.4
8. College Station-Bryan 2.3
9. El Paso 2.1
10. Houston-Sugar Land-Baytown 2.0
11. Austin-Round Rock-San Marcos 1.8
12. Corpus Christi 1.8
13. Longview 1.7
14. McAllen-Edinburg-Mission 1.5
15. Victoria 1.4
16. Tyler 1.4
17. Brownsville-Harlingen 1.0
18. San Antonio-New Braunfels 0.9
19. Waco 0.9
20. Laredo 0.5
21. San Angelo 0.5
22. Wichita Falls 0.3
23. Sherman-Denison 0.2
23. Texarkana 0.2
23. Lubbock 0.2
26. Abilene –2.5
Source: Texas Workforce Commission
–30—
Note to
Editors
Additional
research information:
Dr. Mark
Dotzour, 979-862-6292 (chief economist)
Dr. Ali
Anari, 979-845-2094 (regional economics)
Dr. Charles
Gilliland, 979-845-2080 (rural land)
Dr. Harold
Hunt, 979-847-9021 (commercial)
Dr. James
Gaines, 979-845-2079 (residential)
Attorney
Judon Fambrough, 979-845-2007 (legal issues)
For
information on the Real Estate Center, contact Senior Editor David S. Jones at
979-845-2039 (voice), 979-845-0460 (fax) or d-jones@tamu.edu. Or contact Associate Editor Bryan
Pope, 979-845-2088 (office) or b-pope@tamu.edu.
Thousands
of pages of data are available on the Center’s
web site. News is
also available in its electronic newsletter, a twice-weekly e-newsletter RECON (with RSS
feed), a weekly Real
Estate Red Zone podcast,
on Facebook, daily NewsTalk Texas (with RSS
feed) and on Twitter. To request a free press subscription
to the quarterly flagship periodical Tierra
Grande magazine,
contact David Jones at d-jones@tamu.edu.
