AUSTIN, TX — Texas’ labor market experienced robust growth in August 2024, adding 78,000 nonfarm jobs and reaching a historic employment level of 14.24 million, according to the Texas Workforce Commission (TWC). This expansion marks the eighth consecutive month of job growth, underscoring the state’s strong economic momentum.
The state’s annual job growth rate stood at 2.2%, surpassing the national average by 0.7 percentage points. This consistent outperformance highlights Texas’ resilience and attractiveness to businesses and job seekers alike.
The civilian labor force also achieved a new high, reaching 15.4 million individuals. This growth reflects both an influx of new residents and increased participation among existing Texans. The unemployment rate remained steady at 4.1%, slightly below the national rate, indicating a balanced labor market where job creation keeps pace with workforce expansion.
“With the addition of 78,000 new jobs last month, the Texas workforce continues its positive annual growth,” said TWC Chairman Bryan Daniel. “The Texas workforce offers many opportunities for a meaningful career.”
Several industries contributed significantly to August’s job gains. The Leisure and Hospitality sector led with 15,500 new positions, reflecting a continued rebound in tourism and entertainment. Professional and Business Services added 12,700 jobs, while Trade, Transportation, and Utilities grew by 9,600 positions. The Construction industry also saw a notable increase of 8,300 jobs, marking a 4.4% annual growth rate that outpaced the national average by 1.6 percentage points.
“For the last eight months, Texas’ civilian labor force has reached record-high levels,” said TWC Commissioner Representing Labor Alberto Treviño III. “Our partnership with the 28 Workforce Solutions Boards helps to strengthen the workforce by connecting job seekers to rewarding, in-demand careers across our great state.”
Unemployment rates varied across Texas’ metropolitan areas. The Midland Metropolitan Statistical Area (MSA) reported the lowest unemployment rate at 2.8%, followed by Amarillo at 3.4% and College Station-Bryan at 3.6%. These figures indicate strong regional economies and effective local workforce initiatives.
Despite a decline in home sales, the overall economic outlook for Texas remains positive. Inflation showed signs of easing, with the Consumer Price Index dropping to 2.5% year-over-year. This moderation in inflation, combined with steady job growth, suggests a stable economic environment conducive to continued expansion.
“Texas continues to outpace the nation in annual employment growth, which highlights the hard work and ingenuity of private-sector Texas employers,” said TWC Commissioner Representing Employers Joe Esparza. “I encourage Texas employers to partner with TWC, educational institutions, and local Workforce Development Boards to capitalize on this momentum.”
The Texas Workforce Commission, in collaboration with the U.S. Department of Labor’s Bureau of Labor Statistics, continues to monitor and report on employment trends. Their efforts ensure that policymakers, businesses, and job seekers have access to accurate and timely labor market information.
