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Friday, August 25, 2017   /   by Scott Shine

Job Growth in Killeen-Temple-Fort Hood helps fuel Texas Annual Job Growth

COLLEGE STATION (Real Estate Center) – Texas gained 293,400 nonagricultural jobs from July 2016 to July 2017, an annual growth rate of 2.4 percent, higher than the nation’s employment growth rate of 1.5 percent. The nongovernment sector added 266,000 jobs, an annual growth rate of 2.6 percent, higher than the nation’s rate of 1.7 percent in the private sector.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, Texas’ seasonally adjusted unemployment rate in July 2017 was 4.3 percent, lower than 4.7 percent in July 2016. The nation’s rate decreased from 4.9 to 4.3 percent.
All Texas industries except the information industry had more jobs last month than a year ago. The mining and logging industry ranked first in job creation followed by other services; financial activities; manufacturing; and transportation, warehousing, and utilities.

All Texas metro areas except Wac ...

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Monday, August 14, 2017   /   by Scott Shine

New Manufacturing Plant Locating in Killeen

MGC Pure Chemicals America, Inc., selects Killeen, Texas as their next site location for a manufacturing plant that will service the semiconductor industry. MGC Pure Chemicals America, Inc. (MPCA) is a subsidiary of Mitsubishi Gas Chemical Company, Inc. (MGC) based in Tokyo, Japan. 
MPCA will establish a plant in the Killeen Business Park to meet the growing demand for its products. The facility is expected to start production in 2019 and will produce super-pure hydrogen peroxide, a cleaning chemical used in the semiconductor industry for applications that require stripping, etching, and cleaning of silicon wafers.  
MPCA currently operates one plant in Mesa, Arizona.  The parent company, MGC, does business in a wide range of fields from basic chemicals to fine chemicals and functional materials. In addition to MPCA, MGC operates a facility in Virginia and has several operations outside of Japan including in Saudi Arabia, China, Korea, Thailand, Si ...

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Friday, August 4, 2017   /   by Scott Shine

Texas nation's top energy producer, consumer

(Houston Chronicle) – The Lone Star State produces and consumes more energy than any other state in the nation. 

Texas produces 41 percent more energy than it consumes and is a leading net exporter of energy, according to the U.S. Department of Energy. It produces a third of the country's crude oil, nearly a third of its natural gas, and more than a fourth of all wind power generated in the U.S. Texas also is the nation's leader in crude oil refining.

Demand for power in Texas grows every year as the state's population continues to grow, according to the Electric Reliability Council of Texas (ERCOT). It recorded an all-time peak in power demand in August 2016 of 71,110 megawatts. One megawatt is enough to power 200 homes on a hot Texas day.

Texas broke its July record when demand hit 69,525 megawatts around 4 p.m. on July 28, ERCOT reported.

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Wednesday, August 2, 2017   /   by Scott Shine

Texas Leads U.S. in Job Creation

COLLEGE STATION (Real Estate Center) – The Texas economy is recovering from the 2014–16 oil price collapse and is leading the U.S. in job creation.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, Texas gained 319,300 nonagricultural jobs from June 2016 to June 2017, an annual growth rate of 2.7 percent, higher than the nation’s employment growth rate of 1.6 percent. The nongovernment sector added 283,800 jobs, an annual growth rate of 2.8 percent, higher than the nation’s employment growth rate of 1.7 percent in the private sector.

Texas’ seasonally adjusted unemployment rate in June was 4.6 percent, lower than 4.7 percent a year ago. The nation’s rate decreased from 4.9 to 4.4 percent.

All Texas industries except the information industry had more jobs. The mining and logging industry ranked first in job creation followed by other services; transportation, wareh ...

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