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Wednesday, August 02, 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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