Texas Economy Growing Jobs Faster Than Nation

~ In a recent press release, Governor Greg Abbott of Texas proudly announced that the state has once again surpassed the national average in job growth over the past 12 months. This news comes after the release of May employment data, which also revealed record-breaking numbers for total jobs, employed Texans, and the size of the labor force.

According to Governor Abbott, "Texas is where the future is building." He attributes this continued success to factors such as America's Best Business Climate, a strong and growing workforce, and a focus on investing in the future. The governor believes that these elements have led to more innovation among Texas businesses and increased opportunities for hardworking Texans to achieve prosperity.

The latest data from the Texas Workforce Commission shows impressive numbers for the state's job market. The labor force has reached an all-time high of 15,262,600 people, while 14,655,700 Texans are currently employed (including self-employed individuals). Additionally, there are now a record-breaking 14,195,600 total jobs in Texas after adding 41,800 non-farm jobs in May alone.

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Over the past year (from May 2023 to May 2024), Texas has added an impressive 316,700 jobs at a rate of 2.3%, outpacing the national average by half a point. This marks the 47th month out of the last 49 with monthly job growth in Texas. Since Governor Abbott took office, nearly 2.4 million jobs have been added to the state's economy.

In addition to these achievements in job growth and economic success, Governor Abbott recently announced appointments to 11 new business court divisions created last year. These divisions aim to efficiently resolve complex commercial disputes and keep Texas moving at "the speed of business."

With these recent developments and continued efforts towards economic growth and innovation, it is clear that Texas is on track to remain a leader in job creation and business opportunities for years to come.

Filed Under: Government, State

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