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Metro Houston created 79,800 jobs, a 2.6 percent increase, in the 12 months ending May ’19, according to the Texas Workforce Commission (TWC). Employment now stands at 3,163,600, the highest point on record. At the current pace of growth, the region should top 3.2 million jobs by year’s end.
Of note from today’s report:
Houston's unemployment rate was 3.2 percent in May, unchanged from April. That remains the second lowest on record, the lowest being 3.1 percent in April ’81. Houston’s unemployment rate is below that of the nation (3.4 percent) but above that of Texas (2.9 percent). The rates are not seasonally adjusted.
Patrick Jankowski, CERP
Senior Vice President, Research
Metro Houston created 79,800 jobs since May '18