Texas Unemployment Rate Falls to 3.8 Percent, Lowest in Four Decades
AUSTIN, TEXAS — The unemployment rate in Texas has fallen to 3.8 percent, its lowest mark in four decades, according to a report from the Texas Workforce Commission (TWC). The latest data shows a decline of 10 basis points in the unemployment rate from August to September, as well as 15,600 nonfarm jobs added in September. The Texas economy has now experienced 27 consecutive months of job growth and 3.3 percent employment growth year-to date . In Texas’ service providing sector, financial activities added 5,800 positions over the month, and led all industries in job growth for September. Also within this sector, professional and business services added 2,500 jobs, followed by trade, transportation and utilities, which added 2,100.