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Texas Employment Update

August 23, 2012

The Texas economy continued to expand. Texas added 18,200 jobs in July. Year to date, the state has gained 149,100 jobs (Table 1).

Table 1
Monthly Job Growth in Texas
  Number of jobs added Annualized growth rate
Year to date 2012 149,100  
2.41
July 2012 18,200  
2.04
June 2012 21,900  
2.47
May 2012 12,600  
1.41
April 2012 13,400  
1.51
March 2012 16,300  
1.84
February 2012 34,500  
3.94
January 2012 32,200  
3.68
Total 2011 23,230  
2.23
Monthly Job Growth in Texas
SOURCES: Bureau of Labor Statistics, seasonal and other adjustments by the Federal Reserve Bank of Dallas. View full data series.

The Dallas Fed improves the Bureau of Labor Statistics' (BLS) payroll employment estimates for Texas by incorporating preliminary benchmarks into the data in a more timely manner and by using a two-step seasonal adjustment technique. Current Dallas Fed data are benchmarked through first quarter 2012. BLS data are benchmarked through second quarter 2011.

Types of Jobs Being Created in Texas
Chart 1 below provides a breakdown of employment growth since the start of 2012, listing each sector by its weight in the Texas employment mix.

Note

Data may not match previously published numbers due to data revisions.

 

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