Texas is leading the nation's current economic recovery with two months of positive annual employment growth after 16 months of job losses.
The state's annual employment growth rate was 0.9% from June 2009 to June 2010, compared with a negative national 0.1% rate. After 17 months of job losses, the state's private sector posted a positive annual 0.4% employment growth rate.
The state's seasonally adjusted unemployment rate rose to 8.2% in June 2010, up from 7.8% in June 2009. The U.S. rate was 9.5% in both June 2009 and 2010. The actual unemployment rate in June 2010 was 8.5%.
Six Texas industries - education and health services; mining and logging; professional and business services; leisure and hospitality; manufacturing; and transportation, warehousing, utilities - and the government sector had more jobs in June 2010 than in June 2009.
Source: RECON, July 23, 2010
Comments(0)