Texas continues to lead America in job creation, according to new employment data released by the Texas Workforce Commission for October.
Over the past year, Texas has added 274,600 “nonfarm” jobs, outpacing the national annual job growth rate and setting several new employment records in the Lone Star State.
In a recent press release, Gov. Greg Abbott celebrated the positive employment numbers, applauding Texas’ resilience and ongoing commitment to workforce development.
“Texas grows jobs at a faster annual rate than the U.S. because Texas moves at the speed of business,” Abbott stated.
“With more than four million Texans participating every year in skills training programs and Texas removing regulatory roadblocks that burden small businesses and job growth, we will build a bigger, better Texas for all,” he continued.
In a recent milestone, the state’s collective workforce reached an all-time high of 15,497,100 recorded people in October, according to a Texas Workforce Commission (TWC) report.
“Texas has experienced remarkable workforce growth, with over 360,000 people joining the civilian labor force in the past year,” said TWC Commissioner Representing Labor Alberto Treviño III.
The “financial activities” sector led the charge with the largest increase in jobs, adding 6,200 new positions from September to October. The “Leisure and Hospitality” sector also saw a significant uptick, adding 4,900 jobs, and the “Manufacturing” sector followed by gaining 1,900 jobs last month.
According to Abbott, since he took office, Texas has added more than 2.4 million new jobs to its workforce overall.
While the collective national labor market shows signs of slowing, several other U.S. regions are defying the trend and experiencing heightened competition for workers, as previously highlighted by The Dallas Express.
Research from payroll provider ADP revealed that certain unexpected areas across the country are seeing substantial pay increases and overall growth in hiring.
Denver led the way with 5.8% annual pay growth, $19 per hour for new hires, and a 4.5% monthly hiring rate. Other cities with notable pay increases included Oklahoma City, Las Vegas, Seattle, and Portland, all of which saw annual wage growth above 5.4%, according to a report from BizJournals.
However, not all markets are seeing this type of growth. Cities such as Providence, Rhode Island, Tampa, Florida, and Baltimore have experienced smaller pay increases and slower hiring rates.