Texas’ Seasonally Adjusted Unemployment Falls to 4.9 Percent

COLLEGE STATION (Real Estate Center) – Texas’ seasonally adjusted unemployment rate fell to 4.9 percent in November 2014 from 6.1 percent in November 2013. The nation’s rate decreased from 7 to 5.8 percent.According to the Center’s latest Monthly Review of the Texas Economy, the state’s actual unemployment rate in November was 4.6 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, College Station-Bryan and Lubbock.

The Texas economy gained 447,900 non-agricultural jobs from November 2013 to November 2014, an annual growth rate of 3.9 percent compared with 2 percent for the United States.

The state’s nongovernment sector added 413,600 jobs, an annual growth rate of 4.3 percent compared with 2.3 percent for the nation’s private sector.

All Texas industries had more jobs than in November 2013. The state’s mining and logging industry ranked first in job creation followed by the transportation, warehousing and utilities, construction and information industries.

All Texas metro areas except Wichita Falls and Abilene had more jobs as well. Midland ranked first in job creation, followed by Odessa, Longview, Houston-Sugar Land-Baytown and Dallas-Plano-Irving.