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Texas Employment Update

August 15, 2014

The Texas economy continued to expand in July; the state added 42,700 jobs. Year to date, Texas has gained 238,200 jobs. (Table 1).

Table 1
Monthly Job Growth in Texas
  Number of jobs added Annualized growth rate
Year to Date 2014
238,200
 
3.63
 
July 2014
42,700
 
4.54
 
June 2014
31,700
 
3.36
 
May 2014
43,900
 
4.70
 
April 2014
53,600
 
5.79
 
March 2014
12,300
 
1.30
 
February 2014
18,300
 
1.95
 
January 2014
35,700
 
3.85
 
Total 2013
294,500
 
2.67
 
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 third quarter 2013. BLS data are benchmarked through first quarter 2014.

Types of Jobs Being Created in Texas

Chart 1 below provides a breakdown of employment growth since the start of 2014, 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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