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Texas Employment Update

September 25, 2012

The Texas economy continued to expand. Texas added 31,800 jobs in August. Year to date, the state has gained 186,600 jobs (Table 1).

Table 1
Monthly Job Growth in Texas
  Number of jobs added Annualized growth rate
Year to date 2012 186,600  
2.64
August 2012 31,800  
3.59
July 2012 19,900  
2.23
June 2012 23,100  
2.60
May 2012 13,400  
1.50
April 2012 14,800  
1.67
March 2012 16,600  
1.87
February 2012 34,700  
3.96
  32,300  
3.70
Total 2011 22,670  
2.17
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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