Texas Still A Healthy Market

Texas nonfarm employment rose 2.6 percent from April 2007 to April 2008 compared with a much lower 0.3 percent annual growth rate in nonfarm employment for the United States as a whole.

The state’s seasonally adjusted unemployment rate fell from 4.4 percent in April 2007 to 4.1 percent in April 2008.

The state’s mining industry, benefitting from higher oil prices, ranked first in job creation, followed by the professional and business services industry, the leisure and hospitality industry, construction and the education and health services industry.

All Texas metro areas had positive employment growth rates from April 2007 to April 2008. Odessa ranked first in job creation followed by Laredo, College Station–Bryan and Houston–Sugar Land–Baytown. Midland had the lowest unemployment rate followed by Amarillo, Odessa, Lubbock and College Station–Bryan.

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