The Bureau of Labor Statistics recently released detailed employment figures for July 2010. Texas was mentioned once in the overall summary information and tables for having a significant increase in employment from July 2009 to July 2010. The report highlighted the fact that Texas witnessed an increase of approximately 134,600 jobs during the past year. By way of comparison, California experienced a decrease of over 100,000 jobs in that same span.
The report goes on to breakdown employment figures by sector (construction, manufacturing, etc) and here we see an even clearer picture of the employment situation in Texas. Here is what the report finds for seasonally adjusted jobs in Texas:
- Total Jobs – Up from July 2009, Up from June 2010
- Construction – Down from July 2009, Up from June 2010
- Manufacturing – Up from July 2009, Up from June 2010
- Trade/Utilities – Up from July 2009, Down slightly from June 2010
- Financial – Up from July 2009, Up from June 2010
- Professional Services – Up from July 2009, Up from June 2010
- Education – Up from July 2009, Down slightly from June 2010
- Leisure – Up from July 2009, Up from June 2010
- Government – Up from July 2009, Down from June 2010
The growth shown is significant, occurs across various sectors, and puts us on an overall growth trend. So, while we continue to hear bad news from the media outlets about unemployment figures and job growth, remember that here in Texas, we are not experiencing the same decline. In fact, our economy is looking stronger and more stable than most of the nation. It’s hard not to listen to the media and its love of big headline bad news, but the truth is life isn’t so bad in Texas!
For a look at the complete report, please click here.