Texas A&M Real Estate Center
Texas gained 172,600 non-agricultural jobs from June 2015 to June 2016, an annual growth rate of 1.5 percent, lower than the nation’s growth rate of 1.8 percent, report economists at the Real Estate Center at Texas A&M University.
According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the non-government sector added 126,800 jobs, an annual growth rate of 1.3 percent compared with 2 percent for the nation’s private sector.
Texas’ seasonally adjusted unemployment rate was 4.5 percent, up from 4.4 percent a year ago, notes Dr. Ali Anari, the research economist who wrote the report. He says the nation’s rate decreased from .3 to 4.9 percent.
All Texas industries except mining and logging, manufacturing, transportation, warehousing, and utilities had more jobs in June 2016 than in June 2015, Anari points out. Leisure and hospitality ranked first in job creation followed by education and health services, financial activities, the government sector and trade.
All Texas metros except Midland and Odessa had more jobs, he adds. College Station-Bryan ranked first in job creation followed by Dallas-Plano-Irving, Austin-Round Rock, Lubbock, and Brownsville-Harlingen.
He says the state’s actual unemployment rate was 4.8 percent. Amarillo and Austin-Round Rock had the lowest unemployment rate, followed by Dallas-Plano-Irving, Lubbock, Sherman-Denison, and San Antonio-New Braunfels.
The complete report is available online at https://www.recenter.tamu.edu/articles/technical-report/monthly-review-of-the-texas-economy.
Funded primarily by Texas real estate license fees, the Real Estate Center at Texas A&M was created by the state legislature in 1971 to meet the needs of many audiences, including the real estate industry, instructors, researchers and the general public. The center is part of Texas A&M’s Mays Business School.
