Texas sets 12-month record for job creation

Texas sets 12-month record for job creation

The Texas economy added 36,400 jobs in September, according to data released Friday by the Texas Workforce Commission. Over the past 12 months, employers added 413,700 jobs — the most ever recorded by the state.

The unemployment rate fell to 5.2 percent in September, down from 5.3 percent in August. A year ago, the rate was 6.3 percent.

“We’re having a broad -based increase in job growth in Texas, and sooner or later we’re going to have to see wage increases,” said Trinity University economist David Macpherson.

Those strong September numbers preceded the recent decline in oil prices and the Ebola outbreak in Dallas, but economists said those occurrences aren’t expected to affect the Texas job market. …

It’s not just the energy industry that is helping the state set job growth records every month, economists said.

Nine of 11 major industries posted job gains in September, led by leisure and hospitality with 9,300 jobs added. The next biggest job gains were posted by government (7,200), construction (5,400) and mining (5,000). …

All major jobs categories are up from a year ago. …

Several companies surveyed by the Dallas Fed responded that they are seeing labor market tightness, according to the Fed’s Beige Book, which came out Wednesday.

Companies said that they are experiencing upward wage pressures. Staffing services firms said candidates were often receiving multiple offers, which caused some firms to increase wages to stay competitive, the report said.

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