By Bryan Pope, Associate Editor, Real Estate Center at Texas A&M University
April 2, 2013/Release No. 06-0413

COLLEGE STATION, Tex. (Real Estate Center) – All Texas industries and the state’s government sector had more jobs in February 2013 than in February 2012.

According to the Real Estate Center's latest Monthly Review of the Texas Economy, the state’s construction industry ranked first in job creation, followed by mining and logging, leisure and hospitality, other services, professional and business services and trade.

The state’s economy was robust, gaining 355,600 nonagricultural jobs from February 2012 to February 2013, an annual growth rate of 3.3 percent compared with 1.5 percent for the United States. The state’s private sector added 336,800 jobs, an annual growth rate of 3.8 percent compared with 1.9 percent for the nation.

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

Texas’ seasonally adjusted unemployment rate fell to 6.4 percent in February from 7.1 percent the year before. The nation’s rate decreased from 8.3 to 7.7 percent.

The state’s actual unemployment rate was 6.5 percent. Midland had the lowest unemployment rate, followed by Odessa, Amarillo, Abilene, San Angelo and Lubbock.

The report was written by Center Research Economist Dr. Ali Anari and Chief Economist Dr. Mark Dotzour. It is available online at http://www.recenter.tamu.edu/econ/.

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Real Estate Center
Gary Maler, 979-845-9691 (director)
Dr. Ali Anari, 979-845-2094 (econometrics)
Dr. Mark Dotzour, 979-862-6292 (chief economist)
Attorney Judon Fambrough, 979-845-2007 (legal issues)
Dr. James Gaines, 979-845-2079 (residential)
Dr. Charles Gilliland, 979-845-2080 (rural land)
Dr. Harold Hunt, 979-847-9021 (commercial)
Dr. Luis Torres, 979-845-7972 (econometrics)
 
For information on the Real Estate Center, contact Senior Editor David S. Jones at 979-845-2039 (voice), 979-845-0460 (fax) or d-jones@tamu.edu. Or contact Associate Editor Bryan Pope, 979-845-2088 (office) or b-pope@tamu.edu.
 
Thousands of pages of data are available at the Center’s web site. News is also available in our electronic newsletter, our twice-weekly e-newsletter RECON (with RSS feed), our weekly Real Estate Red Zone podcast, on Facebook, daily NewsTalk Texas (with RSS feed) and on Twitter. To request a free press subscription to our quarterly flagship periodical Tierra Grande magazine, contact David Jones at the e-mail address above.