Updated
Updated · newsradioklbj.com · Jun 19Texas Adds 17,800 Jobs in May as Employment Reaches 14.4 Million
3 articles · Updated · newsradioklbj.com · Jun 19Summary
- 14,419,200 jobs were recorded statewide in May after Texas added 17,800 nonfarm positions, while the unemployment rate held at 4.3%.
- 98,000 jobs were added over the past year for 0.7% growth, which state officials said was 0.4 percentage points faster than the national pace.
- 6,800 more people entered the labor force in May, lifting it to 15,901,600 and extending annual labor-force growth to 43,500.
- 7,100 jobs came from Trade, Transportation and Utilities, ahead of Leisure and Hospitality at 3,900 and Mining and Logging at 3,800.
- 2.1% annual growth kept construction atop major industries for a 22nd straight month, while Midland posted the lowest metro unemployment rate at 3.1%.
Insights
With conflicting data on jobs and housing, what is the true health of the Texas economy? Can Texas’s power grid handle the massive energy demands of the looming AI boom?