Over half of jobs created in February were in Texas
Job growth came to a near halt in February after a blistering start to the year, with nonfarm payrolls increasing by just 20,000 even as the unemployment rate fell to 3.8 percent, the Labor Department reported Friday.The Texas Public Policy Foundation reports that Texas added 10,600 jobs during February.
It was the worst month for job creation since September 2017, when two major hurricanes hit the employment market, offset somewhat by a solid increase in wages.
...Texas job creation is not limited to the Permian Basin. It is adding ports for exporting oil and building more petrochemical plants. Texas has also shown growth in the tech sector.
“Texas continues to be the beacon of job creation to support greater prosperity for Texans across the state. Private sector employers added more than 10,000 nonfarm jobs last month for a total of more than 273,000 jobs added in the last year. The unemployment rate remains near a record low at 3.8 percent. By improving the Texas Model of limited government this session, legislators can keep this historic streak going.”