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Texas Has Highest Job Growth Rate in Nation

Business

Red arrow with running businessman on city background. Growth and forward concept. | Image by Golden Dayz, Shutterstock

Texas had the highest job growth rate in the nation over the past 12 months, increasing by 5.4% and adding nearly 700,000 new jobs in that period, according to the latest jobs report from the U.S. Bureau of Labor Statistics.

From November 2021 through October 2022, the state set new employment highs each month, marking 12 consecutive periods of record-setting job counts, the Texas Workforce Commission (TWC) reported. With 49,500 non-farm jobs added in October, Texas broke its record for total jobs in the Lone Star State, bringing the count to 13,630,000. 

A total of 14,002, 911 Texans are employed across the state, including those self-employed. 

The industries that led private industry job growth in Texas in October were Professional and Business Services, with 18,700 jobs added; Leisure and Hospitality, which grew by 11,600 jobs; and Trade, Transportation, and Utilities, which added 7,400 positions.

Governor Greg Abbott celebrated the news in a press release distributed on November 18, attributing the success to “our strong, growing workforce and continuing business confidence in Texas.” He said that “the Lone Star State shines as a beacon of opportunity” and added, “Working together in the months ahead, we will continue to expand economic opportunity for all Texans.”

The state unemployment rate remained at 4% in October, as in September, which is the lowest level since the February pre-pandemic rate of 3.5%. In the DFW area, the unemployment rate in October was slightly less than 3.5%. The jobs report was good news for those still seeking employment or hoping to transition upward in their career.

“Ten of 11 major industries in Texas have rebounded to their pre-COVID levels and beyond, translating to more jobs in more industries for more Texans,” said Julian Alvarez, the TWC Commissioner Representing Labor. “Whether you’re looking to upskill, train for a new position, or are searching for your next career move, TWC has the free resources to help.”

The labor force participation rate in Texas was also above the national average, with 63.6% of all working-age residents either employed or actively seeking employment. This makes for an attractive workforce climate for businesses seeking employees. 

TWC Commissioner Representing Employers, Aaron Demerson, stated, “Texas’ continued job growth is a true testament to the vitality of our Texas employers and our unrivaled business climate. TWC remains committed to supporting our Texas employers by connecting them to our world-class Texas talent pipeline, offering unparalleled access to training resources, and ensuring they have the proper tools to thrive.”

TWC will release its Labor Market and Career Information data for November on December 16. 

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