Texas Unemployment Rate is at 4.10%, compared to 4.20% last month and 5.90% last year.
What is the Texas unemployment rate right now?
For the seventh consecutive month, the state set new employment highs as total nonfarm jobs reached 13,357,100. Texas has added a total of 762,400 positions since May 2021. The seasonally adjusted Texas unemployment rate was 4.2 percent, a decrease of 0.1 percentage points from April 2022.
Does Texas have a high unemployment rate?
In Texas, the unemployment rate also declined but has remained persistently higher than in the U.S. at 5.6 percent in September. The COVID-19 impact was later to arrive in the state, where unemployment topped out at 12.9 percent and has exceeded the U.S. rate since August 2020.
What state has the highest employment rate?
South Carolina
1. South Carolina. South Carolina has the highest employment rate in the United States of 97.7% (an unemployment rate of 2.3%). From September 2019 to December 2019, South Carolina’s unemployment rate dropped from 2.9% to 2.3%, hitting historic lows four times.
What is the lowest unemployment rate in Texas?
AUSTIN ⎯ Texas’ seasonally adjusted unemployment rate fell to 3.8 percent, setting a new record for the lowest unemployment rate recorded in four decades.
How many job openings are there in Texas?
Furthermore, that 1,022,000 number is indeed about 60 percent higher than the 645,000 job openings the Texas Workforce Commission counted in February 2020.
What is the actual unemployment rate?
The national jobless rate, at 3.6 percent, is back near its pre-pandemic health, wages are still growing at a healthy pace and employers posted a record 11.5 million jobs in March — signs of an extremely tight labor market that’s been a boon for workers.
How big is the Texas economy?
$2.0 trillion
The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.0 trillion as of 2021. In 2011, Texas was home to six of the biggest 50 companies, and 51 in total, in the Fortune 500 (the third most after New York and California).
What is the hardest state to get a job?
Wrapping Up
| Rank | State | Recent Job Growth |
|---|---|---|
| 1 | Kentucky | -1.49% |
| 2 | Alabama | 0.04% |
| 3 | West Virginia | -0.72% |
| 4 | Louisiana | 0.32% |
What state is the easiest to get a job?
These are the 10 best states for finding a job:
- Nevada. Unemployment rate: 3.9%
- Minnesota. Unemployment rate: 3.2%
- Nebraska. Unemployment rate: 3.0%
- Iowa. Unemployment rate: 2.7%
- New Hampshire. Unemployment rate: 2.5%
- Virginia. Unemployment rate: 2.8%
- Idaho. Unemployment rate: 2.9%
- Massachusetts. Unemployment rate: 2.9%
Which state has the worst unemployment?
Unemployment rate by jurisdiction
| Rank | Rank (50 states) | State federal district or territory |
|---|---|---|
| 1 | — | American Samoa |
| — | — | Northern Mariana Islands |
| 2 | — | Puerto Rico |
| 3 | 1 | Nevada |
What state has the most job opportunities 2021?
The top 10 states are:
- Georgia.
- New Hampshire.
- Minnesota.
- Alaska.
- Nebraska.
- North Carolina.
- Kansas.
- Tennessee.
Does Texas have a lot of job opportunities?
Job growth in the state, driven by population gains, has outpaced the rest of the country in recent months, according to recent federal data.
What is the minimum wage in Texas?
$7.25
Living in Texas has become increasingly expensive as costs go up and income is flat. The state hasn’t changed the minimum wage since it implemented the federal hourly pay of $7.25 in 2009. Austin’s minimum wage changed to $15 an hour in 2018.
Where are most jobs in Texas?
Which Texas city has the most job opportunities? The Texas cities with the largest job growth from 2021-2022 include Tyler, Austin, Round Rock, Midland, and Dallas. All of these cities report yearly job growth over 5%.
What is the real unemployment rate 2022?
June Unemployment Numbers: Stable in 38 States
| State | Jan. | April |
|---|---|---|
| California | 5.8 | 4.6 |
| Colorado | 4.1 | 3.6 |
| Connecticut | 5.3 | 4.4 |
| Delaware | 4.8 | 4.5 |
Is unemployment really at an all time low?
With the exception of the last few months of 2019 and the first few months of 2020, it’s a lower unemployment rate than any single month throughout the 1970s, ’80s, ’90s, and 2000s. That’s usually a positive sign for the economy, especially one that has been ravaged by a global health crisis.
What is the highest unemployment rate in US history?
The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.
Is Texas A rich or poor state?
The country’s second-most populous state, Texas, is also its second-richest state in terms of GDP. Texas’s GDP is $1,772,132,000. Texas’s median household income is $64,034, just below the national median.
Why is Texas so wealthy?
Texas is a global oil superpower
In case you haven’t heard, Texas is oil country—the number one producer in the U.S., accounting for more than 40 percent of national output—and that’s been a blessing for the state’s economy. Employment in oil and gas has led growth among its major sectors.
What is Texas’s main source of income?
The largest sources of state tax revenue are: sales taxes. the franchise tax (the state’s primary business tax) motor vehicle-related taxes.