October 18, 2024
Beacon Employment Report | Texas
Presented by Beacon Economics
Copyright © Beacon Economics LLC
REGIONAL OVERVIEW
Currently, the Beacon Employment Report | Texas focuses on three of the state’s largest metropolitan areas, the Dallas, Houston, and Austin metros.
The Dallas-Plano-Irving area posted the largest increase among Texas’s major metro areas, adding 12,000 nonfarm jobs in September, an increase of 0.4%. Payrolls have risen 1.8% in the region over the last year. In absolute terms, this metro has added 55,000 new jobs over the last twelve months, which amounts to roughly one in six jobs created in the state.
In percentage terms, job growth has been strongest in College Station-Bryan, where payroll growth increased 3.6% year-over-year, followed by San Antonio-New Braunfels (2.6%) and Beaumont-Port Arthur (2.5%).
The Houston-The Woodlands-Sugar Land metro added new 5,200 jobs in the latest numbers, representing a 0.2% increase in employment on a month-over-month basis and a 2.0% increase year-over-year.
Austin employers added 4,800 new jobs in September, a month-over-month increase of 0.4% and a 1.7% increase year-over-year. Payrolls in the Austin-Round Rock metro area are 19.0% above pre-pandemic levels, the highest amongst Texas’s major metro areas.
Although some metro areas saw minor job losses month-over-month, every metro in the state has more jobs compared to last year.
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For information about Beacon’s practice areas, please contact:
Managing Partner Sherif Hanna at 424.646.4656 or [email protected]