Texas Gained 391K Jobs in 2018
The Texas economy saw another month of low unemployment in December, a historic 43-year low that has continued since October, according to the Texas Workforce Commission.
The 3.7 percent jobless rate remained the same as November, placing it 0.2 percentage points below the national rate. The state added 38,000 new jobs in December, up considerably from November's 14,000 gain.
The tight labor market "makes it unusual in that if you’re running a business, things might not feel like they’re softening to you," said Chris Slijk, an assistant economist at the Federal Reserve Bank of Dallas."The demand is there,” he said, but workers to continue fueling this expansion are not.For the year, Texas' annual employment growth was 3.2 percent as the state added 391,800 jobs. About 127,000 of those jobs were in Dallas-Fort Worth...
