Real Estate Center’s Monthly Review of the Texas Economy
published on September 1, 2017
The seasonally adjusted unemployment rate in Texas in July 2017 declined to 4.3 percent from the July 2016 rate of 4.7 percent. The seasonally adjusted unemployment rate in the U.S. also declined, from 4.9 to 4.3 percent. Actual unemployment in Texas was 4.3 percent in July 2017, with Amarillo, Austin-Round Rock, Midland, College Station-Bryan, Sherman-Denison, and Lubbock as the cities with the lowest unemployment.
Aside from the information industry, all industries in Texas had more jobs this July than July 2016. Mining and logging ranked first for job creation, with the sectors following including financial activities, manufacturing, and transportation, warehousing, and utilities.
For job creation, Dallas-Plano-Irving came in first among Texas cities, with Killeen-Temple-Fort Hood, Fort Worth-Arlington, McAllen-Edinburg-Mission, Corpus Christi, and Sherman-Denison following. Waco, Abilene, Beaumont-Port Arthur, San Angelo, and Texarkana were the only Texas metro areas that did not have more jobs in July 2017 than in July 2016.
Austin Home Price Estimate
What's your home worth? Use our instant home price estimator to get an idea of what your home might sell for on the market today.