TEXAS ECONOMY

Texas' unemployment rate hits historic low 3.7 percent

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AUSTIN – Texas’ seasonally adjusted unemployment rate fell to 3.7 percent in October, down from 3.8 percent in September 2018, reaching its lowest level since the state unemployment data series began in January 1976.

The Texas economy added 32,300 seasonally adjusted non-farm jobs in October. Annual employment growth for Texas was 3.1 percent in October, marking 102 consecutive months of annual growth.

“The Texas economy continues to remain strong by adding 32,300 jobs in the month of October. These numbers highlight the strategic job creation efforts of our Texas employers, and provides our world-class workforce with career options in a variety of growing industries,” said Chair Ruth R. Hughs.

The Midland Metropolitan Statistical Area (MSA) recorded the month’s lowest unemployment rate among Texas MSAs with a non-seasonally adjusted rate of 2.1 percent, followed by the Amarillo MSA and the Odessa MSA which had the second lowest with a rate of 2.5 percent. The Austin-Round Rock, College Station-Bryan and Lubbock MSAs recorded the third lowest rate of 2.7 percent for October.

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