Texas adds jobs in May, leading the nation in employment

Texas leads the US in the projected economic recovery, according to the Texas A&M Real Estate Center's analysis.

Annual employment growth rate turned the corner in May, posting an annual employment growth rate of 0.2%.  The rate of job losses slowed from 5% in August of 2009 to 0.4% in May 2010 for the nation as a whole.

Unemployment in Texas had gone from 7.5% in May 2009 to 8.3% a year later, during which time the national rate went up slightly, to 9.7%. The state had been losing jobs for 16 months in a row.

Texas had five main industries to thank for the growth in employment. They include education and health services, mining and logging, a mixture of other services, leisure and hospitality, professional and business services. The government sector also grew during the year, while six other industries lost jobs.

Can you tell I'm bullish on the Texas economy?

Check out the job growth in San Antonio.