(The Center Square) – Texas continues to break jobs records every month and October was no different.
Texas again grew jobs at a faster annual rate than the national job growth rate over the year in October. It also set a new record high for the greatest number employed in the civilian labor force and a new record high for total Texans working, including the self-employed, according to new data from the Texas Workforce Commission.
Over the year, from October 2023 to October 2024, Texas added 274,600 jobs. Its annual nonfarm growth rate was 2%, outpacing the national growth rate by 0.6%.
In October, Texas reached a new record high recording the largest labor force in state history of 15,497,100, after adding 47,300 workers over the month. This marks the 10th consecutive month of growth for Texas’ civilian labor force, the TWC said. Over the year, Texas’ civilian labor force added 360,800 workers, according to TWC data.
Texas also reached a new high for Texans working, including the self-employed, of 14,858,700.
“Texas grows jobs at a faster annual rate than the U.S. because Texas moves at the speed of business,” Gov. Greg Abbott said. “Meeting the changing needs of Texas entrepreneurs and businesses is paramount to ensure ongoing job growth across industries. That is why the state of Texas invests in workforce development and career training to prepare our young and growing labor force for high-demand, good-paying jobs. With more than four million Texans participating every year in those skills training programs and Texas removing regulatory roadblocks that burden small businesses and job growth, we will build a bigger, better Texas for all.”
The Financial Activities industry reported the largest over-the-month increase in October, adding 6,200 jobs. It grew by 3.1% over the year, outperforming the national growth rate by 2.8%. Not far behind was the Leisure and Hospitality industry, which added 4,900 jobs over the month, followed by Information, adding 1,900 jobs and Manufacturing industry adding 1,900 jobs.
Texas’ seasonally adjusted total nonfarm employment dropped slightly to 14,276,300 after reporting 10,600 fewer jobs over the month, according to the data.
Since Gov. Abbott’s been in office, Texas has added more than 2.4 million jobs.
The not seasonally adjusted unemployment rate in Texas was 4.1%, higher than the national rate of 3.9%.
Of Texas’ Metropolitan Statistical Area not seasonally adjusted unemployment rates, Beaumont-Port Arthur reported the highest of 5.8%, followed by McAllen-Edinburg-Mission’s 5.5%, and Brownsville-Harlingen’s 5.1%.
Midland reported the lowest of 2.8%, followed by Amarillo’s 3.1%, and College Station-Bryan’s 3.1%.
“Texas has experienced remarkable workforce growth, with over 360,000 people joining the civilian labor force in the past year,” TWC Commissioner Representing Labor Alberto Treviño III said. “TWC offers a wide variety of training programs and resources to help Texans gain new skills and achieve their career goals in our robust Texas economy.”
The TWC offers free in-person and online learning programs and resources through local Workforce Solutions offices, which can be found here.
