Permian Basin boom fuels Texas job growth, with state marking 26 straight months of gains
Friday, November 02, 2018
The Texas jobs machine continues to hum, and the Permian Basin can take a bow.
The state's employers grew their payrolls by 32,000 in August — the 26th straight month for jobs growth, according to new data released by the Texas Workforce Commission.
And Texas' already-low unemployment rate dipped a little lower — falling from 4 percent in July to 3.9 percent in August, which matched the U.S. rate.
"Texas' world-class employers and highly-skilled workforce continue to demonstrate competitive advantages and provide marketplace opportunities that keep our state the best in the country to do business," workforce commission chair Ruth Ruggero Hughs said in a statement.
For the last 12 months, Texas's economy added 394,500 private and government jobs for an annual growth rate of 3.2 percent.