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2 clusters · 4 sources · 5 days · First seen · Last updated

Texas economic and employment growth

Overview

Texas has experienced significant economic growth, characterized by robust job creation and expanding industrial activity.

Data from the Texas Workforce Commission indicates that the state added 159,400 jobs over a 12-month period, representing a 1.1% annual growth rate. This figure led all other U.S. states in total jobs added, with the fastest-growing sectors being professional and business services, construction, and leisure and hospitality.

Subsequent reports highlight specific strength in the energy and manufacturing sectors. Upstream oil and gas exploration and production employment rose by 400 jobs in August, bringing the total upstream workforce to 195,900. Additionally, the Federal Reserve Bank of Dallas reported a sharp acceleration in manufacturing activity, with the production index rising to 29.5. This marks nine consecutive months of expanding output, driven by a surge in new orders and hiring.

Entities

Texas Workforce Commission · Texas · Greg Abbott · Federal Reserve Bank of Dallas · Texas Oil and Gas Association

Timeline

  1. [BUSINESS] 2 sources
    Texas economic activity rises in energy and manufacturing sectors

    Texas reports economic expansion as upstream oil and gas employment rises and manufacturing output, orders, and hiring surge well above historical norms.

  2. [BUSINESS] 2 sources
    Texas adds 159,400 jobs in past year

    Texas added 159,400 jobs over the past year, achieving a 1.1% annual growth rate and leading all U.S. states in job additions.

Sources

breitbart.com · europesays.com · klaq.com · ktemnews.com