Texas adds record number of jobs in February

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On Friday, the Texas Workforce Commission reported that as many as 80,600 new jobs were created across Texas in the month of February. The surge made up for the slow growth in January when just a mere 13,800 jobs were added.

The growth rate in jobs is the highest since the U.S. Bureau of Labor Statistics started keeping tracks of such data back in 1939.

However, rate of unemployment for Texas increased to 6.4 percent. In spite of the rise, the rate of unemployment in Texas is well below the nationwide unemployment rate of 7.7 percent.

Gains in employment at Texas were the highest nationally in February. California came out second with 41,200 new jobs. As a whole, a rise in employment is seen in 42 states whereas; a decline in employment is seen in 8 states and the capital.

Economists termed this growth as encouraging since the job growth in Texas was not fixated to any particular industry rather distributed across multiple industries.

 

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