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Research & Data
Texas Employment Update
November 16, 2012
The Texas economy continued to expand. Texas added 22,900 jobs in October. Year to date, Texas has gained 282,900 jobs (Table 1).
| Table 1 Monthly Job Growth in Texas |
|||
| Number of jobs added | Annualized growth rate | ||
|---|---|---|---|
| Year to date 2012 | 282,900 | 3.19 |
|
| October 2012 | 22,900 | 2.54 |
|
| September 2012 | 23,600 | 2.63 |
|
| August 2012 | 24,600 | 2.75 |
|
| July 2012 | 22,600 | 2.53 |
|
| June 2012 | 36,600 | 4.14 |
|
| May 2012 | 28,200 | 3.18 |
|
| April 2012 | 26,400 | 2.98 |
|
| March 2012 | 21,600 | 2.44 |
|
| February 2012 | 37,200 | 4.25 |
|
| January 2012 | 39,200 | 4.50 |
|
| Total 2011 | 227,500 | 2.18 |
|
| 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 second 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.
