Texas Job Growth December 2024
Texas has achieved remarkable job growth in December 2024, adding 37,500 new positions, marking a total of 14.32 million nonfarm jobs in the state. With a yearly growth rate of 2%, Texas outperformed the national average in job creation, leading to a total of 284,200 new jobs over the year. While the unemployment rate remains steady at 4.2%, certain metro areas like Austin-Round Rock experience even lower rates. Key sectors fueling this growth include Professional and Business Services and Trade, Transportation, and Utilities.
Hey there, Texas! Have you heard the fantastic news? The Lone Star State is basking in a warm glow of economic success as it wraps up 2024. December turned out to be a stellar month for job creation, with a whopping 37,500 new positions added to our economy. That’s right! We’re talking about an incredible finish to the year.
To put it simply, Texas ended 2024 with a record total of 14.32 million nonfarm jobs. Talk about a major milestone! Let’s break it down a bit: the state’s job count has grown by an impressive 2% over the past year, which is above the national average. From December 2023 to December 2024, we saw a total of 284,200 new jobs created in Texas. Can you feel the excitement in the air?
We’ve also got some fascinating insights about job market growth. The rate at which Texas is adding jobs was 0.6 percentage points higher than the national average in 2024, signaling that our economy is really kicking into high gear! As more folks are joining the workforce, the Texas labor force climbed to nearly 15.6 million, reflecting a solid growth of about 3.5% from the previous year.
Now, let’s talk about employment rates. The seasonally adjusted unemployment rate in Texas held steady at 4.2%. While that’s just a whisker above the national average of 4.1%, it’s encouraging to see stability. Some metro areas are faring even better, though! For example, San Antonio-New Braunfels saw its unemployment rate drop to 3.4%, and Austin-Round Rock enjoyed a decrease to 3.1%.
If you’re wondering where all the job growth is happening, here’s the scoop! The Professional and Business Services sector was the clear frontrunner, adding 17,800 jobs in December. Hot on its heels was the Trade, Transportation, and Utilities sector, which contributed an additional 10,400 jobs to the mix. Even the Hospitality sector got in on the action with 3,700 new jobs.
However, there were a few flips in the job market that deserve a mention. In the San Antonio area, while the Trade and Utilities sector added 2,400 new positions, the service-oriented jobs took a hit with a loss of 1,000 jobs. It’s a reminder that while the overall trend is upwards, some sectors may experience ups and downs.
Job seekers in Texas have a world of opportunity at their fingertips. Diverse sectors are flourishing, and the Texas Workforce Commission is giving a friendly nudge to everyone on the lookout for a job. There are plenty of resources to help you find a role that suits your skills and interests.
In summary, Texas is truly shining in the area of job growth. With employers across various industries actively seeking talent, now is a great time to explore opportunities. The state’s economy is thriving, and it’s thanks to our hardworking folks and the diverse sectors that contribute to job creation. So, whether you’re a job seeker or just someone who loves to keep an eye on the economy, keep smiling – the future looks bright in Texas!
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