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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.

 

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