Texas added 77,800 nonfarm jobs in February, and the state’s unemployment rate ticked down again as COVID-19 cases declined and the economic expansion...
State’s energy industry posts a whopping 2.3% gain in monthly hires as oil and gas prices surge, and most other job sectors are coming on strong, too.
Texas added 4,500 jobs in mining and logging, a gain of 2.3% in February. For the past year, mining and logging jobs grew over 13%, double the rate of the total Texas labor market, according to theThere was widespread strength in the job market last month with notable growth in both the goods-producing sector and services. Texas also added 40,000 to the civilian workforce, which is important to filling thousands of open jobs in the state. And Texas’ unemployment rate was 4.7%, down 0.
“There’s a little bit of slack out there, and maybe we can rope those workers back into the labor force,” Orrenius said. The Russian invasion, followed by sanctions on its oil and gas production, has roiled energy markets. Higher prices for gasoline, heating and electricity are a burden for many consumers, but they provide a tailwind for the Texas economy.for the first half of the year. Citing recent increases in energy prices, it now projects that Texas will add 440,200 jobs in 2022.
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Texas adds nearly 78,000 jobs in February, biggest gain since November, as jobless rate dipsEditor’s note: This story will be updated. Texas added 77,800 nonfarm jobs in February, and the state’s unemployment rate ticked down again as COVID-19 cases...
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