The Texas Workforce Commission announced that the state has added 726,900 jobs since August 2021. In August 2022, Texas added a total of 16,400 nonfarm jobs. For the tenth consecutive month, the state set new employment highs as total nonfarm employment reached 13,530,100. The Texas seasonally adjusted unemployment rate was 4.1%, an increase of 0.1 percentage points from July 2022. This marks the first increase in the unemployment rate since April 2020. Texas has set new employment records including:
- New record for total employed at more than 14 million, including nonfarm, self-employed, and other job categories; and
- New record for total labor force at nearly 14.6 million, with the Texas labor force participation rate above the national average at 63.8%.
Professional and Business Services led private industry job growth in August with 5,200 positions added, followed by Education and Health Services, which grew by 3,800 jobs. Financial Activities added 2,800 jobs. Also of note, Government gained 8,100 jobs over the month. More employment data can be found at the Texas Labor Market Information’s webpage here.