Gov. Greg Abbott celebrated the unrivaled strength of the Lone Star State’s robust economy on Friday following the November release of Texas’ employment data.
The state’s labor market rose to a seasonally adjusted 14,094,900 jobs in November, an increase of 26,800 over the month prior and a new record high for the state, according to data released by the Texas Workforce Commission (TWC) and the U.S. Bureau of Labor Statistics (BLS).
Overall, the Texas economy added 407,100 jobs since November 2022, making the Lone Star State No.1 in the nation for over-the-year increase in seasonally adjusted nonfarm jobs.
“Texas dominates as America’s jobs engine, again adding more jobs over the last 12 months than any state in the nation,” said Gov. Abbott in a news release. “I am proud that more Texans are working than ever before, thanks to employers who continue to invest and grow jobs here. Texas serves as a beacon of opportunity, proving that when given the freedom to aspire and the foundation to succeed, businesses flourish and people prosper.”
“As we look to the new year, we will continue to work together and safeguard the promise of an even bigger, brighter Texas for generations to come,” added Abbott.
Texas employment — which has set a new record high in each of the last 26 months — has an annual growth rate of 3%, which outpaced the more modest national rate of 1.8%. Additionally, Texas achieved three new records in November, including total jobs, the number of Texans working, and the size of the Texas labor force.
“Texas continues to lead the nation and break records for economic growth,” said TWC chairman Bryan Daniel. “With more than 26,000 positions added in November, TWC continues to connect job seekers and employers to keep Texas working.”
The Texas labor market has now experienced 33 months of uninterrupted job growth through November, TWC noted.
“The Texas labor market has continued to thrive month after month and continues to lead the nation in many categories,” said the TWC commissioner representing employers, Joe Esparza, in a statement. “As we head into 2024, the future looks bright for Texas employers across the state seeking to expand their business and tap into the state’s growing workforce.”
