TX Job Gains In October Mark 18 Months Of Job Growth, Despite Government Job Losses
by: David Pitman, November 18, 2011 7:11:00 pm
The Commission's Lisa Givens says the top five sectors for job growth include:
"Leisure and Hospitality, and Education and Health Services, which includes health care, and private colleges, as well. We saw increases in Trade, Transportation and Utility, as well as Mining and Logging"
One sector that's taken a beating is government employment. It lost 11,000 jobs last month and 55,000 jobs over the last year, as state and local agencies grapple with tighter budgets.
Factoring in the lost government jobs, total non-farm employment in Texas has grown by 231,000 jobs over the last year. The TWC's Givens says nine of the state's top industries have posted gains for the year.
"Those are really good things to emphasize and think about when we're looking at overall numbers. Month-to-month, you can see changes and fluctuations. But it's the over-the-year and the steady growth that points to the positive state the State of Texas is in."
The state's unemployment rate for October was 8.4 percent, down from 8.5 in September. Houston's not-seasonally-adjusted jobless rate is 8.1 percent. The national average is at 9 percent.