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Texas Employment Update

March 28, 2014

The Texas economy continued to expand in February; the state added 28,700 jobs. Year to date, Texas has gained 54,500 jobs. (Table 1).

Table 1
Monthly Job Growth in Texas
  Number of jobs added Annualized growth rate
Year to Date 2014
54,500
 
2.93
 
February 2014
28,700
 
3.08
 
January 2014
25,800
 
2.77
 
Total 2013
277,900
 
2.52
 
SOURCES: Bureau of Labor Statistics, seasonal and other adjustments by the Federal Reserve Bank of Dallas. View full data series.

The Dallas Fed improves the Bureau of Labor Statistics' (BLS) payroll employment estimates for Texas by incorporating preliminary benchmarks into the data in a more timely manner and by using a two-step seasonal adjustment technique. Current Dallas Fed data are benchmarked through third quarter 2013. BLS data are benchmarked through third quarter 2013.

Types of Jobs Being Created in Texas

Chart 1 below provides a breakdown of employment growth since the start of 2014, listing each sector by its weight in the Texas employment mix.

Note

Data may not match previously published numbers due to data revisions.

 

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