The Texas economy gained 231,700 jobs from December 2009 to December 2010, an annual growth rate of 2.3 percent, according to the Real Estate Center’s latest Monthly Review of the Texas Economy. U.S. nonfarm employment rose 0.8 percent over the same period. The state’s private sector posted an annual employment growth rate of 2.7 percent compared with 1.2 percent for the U.S. private sector from December 2009 to December 2010. Texas’ seasonally adjusted unemployment rate was 8.3 percent in December 2010, up from 8.2 percent in December 2009, while the nation’s rate decreased from 9.9 to 9.4 percent over the same period. All Texas industries except trade and information had more jobs in December 2010 than in December 2009. All Texas metro areas had more jobs in December 2010 than in December 2009. Odessa ranked first in job creation followed by Brownsville-Harlingen, Waco, Longview, and Killeen-Temple-Fort Hood. The state’s actual unemployment rate in December 2010 was 8 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, College Station-Bryan and Abilene.
Source: Real Estate Center