Texas unemployment rate steady in March

Texas unemployment rate steady in March
MGN ONLINE
News

POSTED: Friday, April 19, 2013 - 8:11am

UPDATED: Friday, April 19, 2013 - 8:12am

Texas’ seasonally adjusted unemployment rate for March was 6.4 percent, unchanged from the previous month and down from 7.0 percent a year ago. It remained well below the national unemployment rate of 7.6 percent.

Texas’ seasonally adjusted nonagricultural employment fell by 4,100 jobs in March, following the addition of 79,600 jobs in February. Employers added 14,900 jobs across five major industries in March, but these gains were offset by the loss of 19,000 jobs in six other industries. The state’s annual growth rate continued to be positive, with 329,500 jobs added since last year.

Employment in Leisure and Hospitality grew by 67,000 jobs over the year, more than any other industry in Texas. It also led the way in monthly growth, with 5,500 jobs added in March.

Construction employment grew by 1,900 jobs in March, marking the eighth straight month of growth for the industry. Financial Activities added another 3,200 jobs in March, and Professional and Business Services grew by 2,100 jobs. Professional and Business Services has maintained an annual growth rate of more than 4.0 percent for 30 of the last 31 months.

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