The Texas economy is still outpacing the rest of the country in job growth.
On Friday, Governor Greg Abbott announced numbers from October employment data. Again, the state grew jobs at a faster annual rate than the U.S.
Texas employers added 274,600 nonfarm jobs over the last 12 months. The number of Texans working, including those that are self-employed (14,858,700) and the size of the Texas labor force (15,497,100) also hit new record highs.
“Meeting the changing needs of Texas entrepreneurs and businesses is paramount to ensure ongoing job growth across industries," Governor Abbott said. "That is why the state of Texas invests in workforce development and career training to prepare our young and growing labor force for high-demand, good-paying jobs."
October jobs data released by the Texas Workforce Commission (TWC) also shows:
Texas job gains in October included the Financial Activities industry with the largest over-the-month increase in October of 6,200 jobs, outperforming the national annual growth rate by 2.8 percentage points. In addition, Leisure and Hospitality added 4,900 jobs over the month, and both Information and Manufacturing added 1,900 jobs each.
Texas has added more than 2.4 million jobs under Governor Abbott’s leadership.
"With more than four million Texans participating every year in those skills training programs and Texas removing regulatory roadblocks that burden small businesses and job growth, we will build a bigger, better Texas for all," Gov. Abbott added.
Texas was also recently named by Site Selection magazine as the Top Business Climate in the country for the second year in a row.