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Thursday, November 7, 2024

Texas triples U.S. job growth rate in April

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Governor Greg Abbott | Governor Greg Abbott Official Website

Governor Greg Abbott | Governor Greg Abbott Official Website

Governor Greg Abbott celebrated the robust growth of the Texas workforce and the state's diverse economy following the release of employment figures. These numbers reveal that Texas tripled the monthly job growth rate of the U.S., adding 42,600 non-farm jobs in April. Additionally, Texas leads the nation in job additions over the past year.

"Texas grew jobs at three times the rate of the U.S. in April thanks to the strength of our skilled and growing workforce and the best business climate in the nation," Governor Abbott stated. "Despite economic pressures at the national level, Texas employers are innovating, adapting, and growing in diverse industries across our great state. Of all the top rankings for Texas, one matters most: More Texans are working than ever before, and that means more opportunity for more Texas families to prosper. With continuing, critical investments in education, infrastructure, and workforce development, we are working together to build a bigger, better Texas for decades to come."

Texas has once again surpassed all previous records for total jobs, number of Texans employed, and size of its labor force. The employment data for April released by both the Texas Workforce Commission and U.S. Bureau of Labor Statistics show:

- A new record high with a labor force of 15,226,800 people.

- A new record high for Texans working (including self-employed) at 14,623,300.

- A new record high for total jobs at 14,159,000 after adding 42,600 non-farm jobs and tripling U.S.'s monthly job growth rate in April.

- The addition of 306,000 jobs from April 2023 to April 2024 - leading job growth nationwide.

- Job growth in Texas marked for 46 out of last 48 months.

- More than 2.35 million jobs added under Governor Abbott’s leadership through April.

Earlier this month Governor Abbott also recognized Small Business Week in Texas, acknowledging the crucial role small business owners and entrepreneurs play in the state's thriving job economy.

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