Monthly Review of the Texas Economy November 3 By Ali Anari and Mark G. Dotzour The Texas economy gained 67,9 nonagricultural jobs from October to October 3, an annual growth rate of. percent compared with.7 percent for the United States (Table and Figure ). The state s nongovernment sector added 65,3 jobs, an annual growth rate of.9 percent compared with. percent for the nation s private sector (Table ). Texas seasonally adjusted unemployment rate fell to 6. percent in October 3 from 6. percent in October. The nation s rate decreased from 7.9 to 7.3 percent (Table ). Table shows Texas industries ranked by employment growth rate from October to October 3. Table 3 shows the relative importance of the state s industries based on number of employees. All Texas industries except the transportation, warehousing and utilities industry had more jobs in October 3 than in October. The state s mining and logging industry ranked first in job creation, followed by the professional and business services industry, information industry, trade industry, and leisure and hospitality industry. The state s mining and logging industry gained,9 jobs from October to October 3, an annual growth rate of 5. percent, ranking first in job creation (Table and Figure ). The state s professional and business services industry gained 73,9 jobs from October to October 3, an annual growth rate of 5. percent (Table and Figure 3). Job gains consisted of 8, jobs in the state s administrative and support services industry,,7 jobs in professional, scientific and technical services, and 3, jobs in the state s management of companies and enterprises industry. Texas information industry (internet service providers, web search portals, publishing industries, broadcasting and telecommunications) gained 8, jobs from October to October 3, an annual growth rate of. percent (Table and Figure ). The state s trade industry gained 67, jobs from October to October 3, a 3.9 percent increase (Table and Figure 5). Job gains consisted of, in wholesale trade and 5,8 jobs in the retail trade industry. Texas leisure and hospitality industry (arts, entertainment, recreation, accommodations and food services) gained,9 jobs from October to October 3, an annual growth rate of 3.7 percent (Table and Figure 6). Texas construction industry added 5, jobs from October to October 3, a.5 percent growth rate (Table and Figure 7). Job gains consisted of 6, jobs in the state s construction of buildings industry and,8 in specialty trade contractors while the state s heavy and civil engineering construction lost 3, jobs. Texas education and health services industry added 3,3 jobs from October to October 3, an annual growth rate of percent (Table and Figure 8). Job gains consisted of 9,6 jobs in the state s health services industry and 7 in educational services. Texas financial activities (finance, insurance, real estate, rental and leasing services) added 9, jobs from October to October 3, an annual growth rate of. percent (Table and Figure 9). Job gains consisted of,8 jobs in the state s real estate, rental and leasing industry and, in the state s finance and insurance industry.
The other services industry (repair and maintenance, personal and laundry services, religious, civic and professional organizations) gained,3 jobs over the year, a. percent increase (Table and Figure ). The state s manufacturing industry gained, jobs from October to October 3, an annual growth rate of.3 percent (Table and Figure ). The durable manufacturing industry gained, jobs while the state s nondurable manufacturing lost,8 jobs. Major job gains in durable goods manufacturing were in fabricated metal product manufacturing (5,8 jobs), transportation equipment manufacturing (3,3), computer and electronic product manufacturing (), wood product manufacturing (,7), nonmetallic mineral product manufacturing (,), electric equipment, appliance and component manufacturing (7), primary metal manufacturing (), and machinery manufacturing (3). Major job gains in the state s nondurable manufacturing industry were in chemical manufacturing (,3) and petroleum and coal products manufacturing (). Major job losses in this industry were in food manufacturing (3,), printing and related support manufacturing (,3), plastic and rubber manufacturing (8), and beverage and tobacco product manufacturing (). The state s government sector gained,6 jobs from October to October 3, an annual growth rate of. percent (Table and Figure ). Government job gains consisted of, local government jobs. Government job losses occurred in the state s federal government (9,9) and state government (,7). The state s transportation, warehousing and utilities industry lost 6 jobs over the year, a. percent decline rate (Table and Figure 3). Texas Metropolitan Statistical Areas All Texas metro areas except Texarkana had more jobs in October 3 than in October (Table ). Midland ranked first in job creation, followed by Odessa, Longview, Corpus Christi, Fort Worth- Arlington, Dallas-Plano-Irving, and Houston-Sugar Land-Baytown (Table ). Figures to 39 show annual employment growth rates for the state s metropolitan areas from January to October 3. The state s actual unemployment rate in October 3 was 6 percent. Midland had the lowest unemployment rate followed by Odessa, Amarillo, Abilene, Lubbock and San Angelo (Table 5).
Table Texas and U.S. Labor Markets Change Nonfarm Employment October 3 October Absolute Texas,87,,9,5 67,9. United States 37,5, 35,,,99,.7 Private Employment October 3 October Absolute Texas 9,65,5 9,, 65,3.9 United States 5,38,,987,,3,. Actual Seasonally Adjusted Unemployment Rate October 3 October October 3 October Texas 6. 6. 6. 6. United States 7. 7,5 7.3 7.9 Sources: Texas Workforce Commission and U.S. Bureau of Labor Statistics 3
Table Texas Industries and Government Sector Ranked by Employment Growth Rate from October to October 3 Change Rank Industry October 3 October Absolute Mining and Logging 9,7 75,8,9 5. Professional & Business Services,53,,9, 73,9 5. 3 Information 5,6 97,6 8,. Trade,8,,733, 67, 3.9 5 Leisure & Hospitality,39,9,99,,9 3.7 6 Construction 6, 67, 5,.5 7 Education & Health Services,55,6,85,3 3,3. 8 Financial Activities 675,5 666,3 9,. 9 Other Services 388,7 38,,3. Manufacturing 873,6 87,,.3 Government,8,9,89,3,6. Transportation, Warehousing, Utilities 5, 5,8 6. Table 3 Texas Industries and Government s Shares of Employment October October Industry 3 99 Mining and Logging.6.3 Construction 5.5.9 Manufacturing 7.7 3.3 Trade 6. 7.8 Transportation, Warehousing, Utilities.. Information.8.5 Financial Activities 6. 6. Professional and Business Services 3.3 9. Education and Health Services 3. 9.6 Leisure and Hospitality. 8.3 Other Services 3. 3.7 Government Sector 6. 7.8 Note: Components may not add to due to rounding.
Table Texas Metropolitan Areas Ranked by Employment Growth Rate, October to October 3 Rank Metro Area Growth Rate Midland 5. Odessa.6 3 Longview 3.8 3 Corpus Christi 3.8 5 Fort Worth-Arlington 3.5 6 Dallas-Plano-Irving 3. 7 Houston-Sugar Land-Baytown.9 8 Austin-Round Rock-San Marcos.8 9 College Station-Bryan.6 Abilene.5 Victoria.5 Texas. 3 Sherman-Denison Laredo..3 Tyler. 5 Lubbock. 6 San Angelo.9 7 Amarillo.8 8 Brownsville-Harlingen.5 9 Waco. 9 Killeen-Temple-Fort Hood. McAllen-Edinburg-Mission. San Antonio-New Braunfels. 3 Beaumont-Port Arthur.9 Wichita Falls.7 5 El Paso. 6 Texarkana. Source: Texas Workforce Commission 5
Table 5 Texas Metropolitan Areas Ranked by Unemployment Rate, October 3 Rank Metro Area Unemployment Rate, Midland 3. Odessa 3.6 3 Amarillo. Abilene.7 Lubbock.7 6 San Angelo.8 7 Victoria 5. 7 College Station-Bryan 5. 9 Austin-Round Rock-San Marcos 5. Longview 5.3 Wichita Falls 5.5 Corpus Christi 5.7 Fort Worth-Arlington 5.7 San Antonio-New Braunfels Waco 5.8 5.8 6 Dallas-Plano-Irving 5.9 6 Houston-Sugar Land-Baytown 5.9 Texas 6. 8 Sherman-Denison 6. 8 Laredo 6. Tyler 6. Killeen-Temple-Fort Hood 6.9 Texarkana 7. 3 El Paso 8.5 Beaumont-Port Arthur 9.3 5 Brownsville-Harlingen 9.8 6 McAllen-Edinburg-Mission. Source: Texas Workforce Commission 6
Figure Nonfarm Employment Growth Rates for United States and Texas Texas U.S. - - 3 Figure Employment Growth Rates in Texas Mining and Logging Industry - - 3 Figure 3 Employment Growth Rates in Texas Professional and Business Services Industry 6 - - 3 7
8 Figure Employment Growth Rates in Texas Information Industry - -8 3 Figure 5 Employment Growth Rates in Texas Trade Industry - - 8 3 Figure 6 Employment Growth Rates in Texas Leisure and Hospitality Industry 6-3 8
Figure 7 Employment Growth Rates in Texas Construction Industry 5-5 - -5 3 Figure 8 Employment Growth Rates in Texas Education and Health Services Industry - 3 Figure 9 Employment Growth Rates in Texas Financial Activities Industry - - 3 9
6 Figure Employment Growth Rates in Texas Other Services Industry - 3 5 Figure Employment Growth Rates in Texas Manufacturing Industry -5-6 3 Figure Employment Growth Rates in Texas Government Sector - - 3
Figure 3 Employment Growth Rates in Texas Transport., Warehousing, and Utilities Industry 6 - - -6 3 Figure Employment Growth Rates in Midland Metro Area 8 - -8 5 3 Figure 5 Employment Growth Rates in Odessa Metro Area 5-5 - 3
8 Figure 6 Employment Growth Rates in Longview Metro Area - -8 6 3 Figure 7 Employment Growth Rates in Corpus Christi Metro Area - - 6 3 Figure 8 Employment Growth Rates in Fort Worth-Arlington Metro Area - - 3
Figure 9 Employment Growth Rates in Dallas-Plano-Irving Metro Area - - 6 3 Figure Employment Growth Rates in Houston-Sugar Land-Baytown Metro Area - - 6 3 Figure Employment Growth Rates in Austin-Round Rock-San Marcos Metro Area - 3 3
Figure Employment Growth Rates in College Station-Bryan Metro Area - - 3 3 Figure 3 Employment Growth Rates in Abilene Metro Area - - -3 3 Figure Employment Growth Rates in Victoria Metro Area - - -6 3
3 Figure 5 Employment Growth Rates in Sherman-Denison Metro Area - - -3 6 3 Figure 6 Employment Growth Rates in Laredo Metro Area - - 3 3 Figure 7 Employment Growth Rates in Tyler Metro Area - - -3 3 5
Figure 8 Employment Growth Rates in Lubbock Metro Area - - 3 Figure 9 Employment Growth Rates in San Angelo Metro Area 3 - - 3 Figure 3 Employment Growth Rates in Amarillo Metro Area - - 3 6
3 Figure 3 Employment Growth Rates in Brownsville-Harlingen Metro Area - - 3 3 Figure 3 Employment Growth Rates in Waco Metro Area - - 3 3 Figure 33 Employment Growth Rates in Killeen-Temple-Fort Hood Metro Area - 3 7
5 Figure 3 Employment Growth Rates in McAllen-Edinburg-Mission Metro Area 3-3 3 Figure 35 Employment Growth Rates in San Antonio-New Braunfels Metro Area - 3 Figure 36 Employment Growth Rates in Beaumont-Port-Arthur Metro Area - - -6 3 8
Figure 37 Employment Growth Rates in Wichita Falls Metro Area - - -6 3 3 Figure 38 Employment Growth Rates in El Paso Metro Area - 3 3 Figure 39 Employment Growth Rates in Texarkana Metro Area - - -3 3 9