The unemployment rate in Texas remained steady at 6.5% in July, even though the state added nearly 20,000 new jobs in the month. Almost 300,000 new jobs have been added in the state since July 2012, according to the Texas Workforce Commission.
Over 100,000 new jobs were added in the Dallas-Fort Worth-Arlington Metropolitan Statistical Area (MSA) in the past year. The unemployment rate in that MSA has fallen almost a full point, from 7.2% down to 6.4% during that time.
Texas’s economy continues to outpace that of the nation overall. The unemployment rate in the Lone Star State is a full percentage point less than the U.S. rate and the private sector has added jobs faster than the U.S. rate.
“The private sector continues to lead the way for our state’s economy, adding more than 278,000 jobs over the last year,” said TWC Commissioner Representing Employers Hope Andrade. “Our 3.1 percent annual growth rate compares favorably to 2.1 percent for the private sector nationally.”
July was the 39th straight month of positive growth in employment in Texas.