The following information has been compiled in order to create a more complete snapshot of the current economic status of Texas. The most recent labor market information for the state is from September 2024.
September 2024 Labor Market Information
- Unemployment Rate: 4.1%
- Total Non-Farm Employment: 14,289,900
- Jobs Change Over the Year: 327,400
- Annual Growth Rate: 2.3%
The Texas Workforce Commission
The Texas Workforce Commission announced Texas’ seasonally adjusted total nonfarm employment increased to 14,289,900 after 29,200 jobs were added over the month. Texas added 327,400 jobs from September 2023 to September 2024. Texas’ annual nonfarm growth rate currently sits at 2.3 percent, outpacing the U.S. growth rate by 0.7 percentage points. Professional and Business Services added 10,500 jobs in September, registering as the industry with the largest over-the-month increase. Private Education and Health Services added 10,400 jobs over the month and Construction added 8,100 jobs. Construction showed 5.1 percent growth over the year, which outpaced the industry’s national growth rate by 2.1 percentage points.
State Sales Tax Revenue Totaled $3.8 Billion in September
Comptroller Glenn Hegar announced state sales tax revenue totaled nearly $3.85 billion in September, 1.5 percent more than in September 2023. The majority of September sales tax revenue is based on sales made in August and remitted to the agency in September.
Texas collected the following revenue from other major taxes:
- motor vehicle sales and rental taxes — $590 million, down 7 percent from September 2023;
- motor fuel taxes — $333 million, up 1 percent from September 2023;
- oil production tax — $516 million, down 5 percent from September 2023;
- natural gas production tax — $199 million, down 5 percent from September 2023;
- hotel occupancy tax — $62 million, up 6 percent from September 2023; and
- alcoholic beverage taxes — $148 million, up 3 percent from September 2023.
For details on all monthly collections, visit the Comptroller’s Monthly State Revenue Watch.
Comptroller Glenn Hegar Distributes $1.1 Billion in Monthly Sales Tax Revenue to Local Governments
Comptroller Glenn Hegar announced he will send cities, counties, transit systems and special purpose districts $1.1 in local sales tax allocations for October, 1.2 percent less than in October 2023. For details on August sales tax allocations to individual cities, counties, transit systems and special purpose districts, visit the Comptroller’s Monthly Sales Tax Allocation Comparison Summary Reports.
