Before we get to the article from RECON, we are asked sometimes why we talk about Jobs on a Real Estate blog. In a nutshell, here is why. Job and Economic Strength tend to be leading indicators of the Real Estate Market, so, Good Job Market…Good Real Estate Market, Bad Job Market…Questionable Real Estate Market. Hope that helps, now, here is the article:

The Texas economy gained 275,700 nonagricultural jobs from November 2012 to November 2013, an annual growth rate of 2.5 percent compared with 1.7 percent for the United States.

According to the Real Estate Center’s latest Monthly Review of the Texas Economy, the state’s nongovernment sector added 261,700 jobs, an annual growth rate of 2.8 percent compared with 2.1 percent for the nation’s private sector.

Texas’ seasonally adjusted unemployment rate fell to 6.1 percent from 6.3 percent a year ago. The nation’s rate decreased from 7.8 to 7 percent.

The state’s actual unemployment rate was 5.8 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, Abilene and Lubbock.

All Texas industries had more jobs than in November 2012. The state’s professional and business services industry ranked first in job creation, followed by the mining and logging industry, trade industry, information industry, and leisure and hospitality industry.

All Texas metro areas except Wichita Falls and Texarkana had more jobs as well. Midland ranked first in job creation, followed by Odessa, Corpus Christi, Victoria, Houston-Sugar Land-Baytown and Fort Worth-Arlington.

The monthly report has been expanded to include annual employment growth rates and other data for the state’s metropolitan areas from January 2010 to November 2013.

Source: Real Estate Center