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TEXAS' JOB
GROWTH STRENGTHENS
The latest figures from the Texas
Workforce Commission show strengthening job growth in the state.
December 2006 figures show Texas is creating jobs at a rate of more than
2.2 percent compared with 1.4 percent for the United States.
Texas’ seasonally adjusted unemployment
rate fell from 5.2 percent in December 2005 to 4.5 percent in December
2006.
The construction sector ranked first in
annual job growth percentage from December 2005 to December 2006,
followed by natural resources and mining, professional and business
services, financial activities, and leisure and hospitality.
At the other end of the spectrum, the
information sector (internet service providers, web search portals,
publishing industries, broadcasting and telecommunications) lost 8,800
jobs during the period.
“The dot-com meltdown of a few years ago
hasn’t ended,” said Real Estate Center Research Economist Ali Anari.
“Technology-based businesses are still competing to remain viable, and
those that lose are ‘melting’ away.
The Laredo metropolitan area ranked first
in annual employment growth rate among 26 Texas metropolitan areas,
followed by Midland, McAllen-Edinburg-Mission, Sherman-Denison and
Victoria.
Two major metro areas, Austin–Round
Rock and Houston–Sugar Land–Baytown, posted annual employment
growth rates of 3.1 and 3.0 percent, respectively.
The Midland metro area had the lowest
unemployment rate in October 2006 followed by College Station–Bryan,
Amarillo, Lubbock and Austin–Round Rock.
For more information, see the
full report.
Real Estate Center Online News
February 6, 2007
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Economic Forecast for Texas Real Estate August 30 2006
Austin, Round Rock
Area Economic Forecast August 30, 2006
Despite national trends, Austin remains a robust market!
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