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The Office of the Texas Governor announced that the release of October employment data demonstrates that the Lone Star State continues to lead the nation in annual jobs growth. Not only has Texas achieved new record highs with its largest civilian labor force ever at 15,162,100, but it also boasts more Texans being employed or self-employed than ever before at 14,536,800. This announcement comes as an indicator of a strong and growing economy within the state.
The report offers a comprehensive breakdown of the economic achievements.
According to the release, figures published by the Texas Workforce Commission (TWC) and the Bureau of Labor Statistics (BLS), Texas added 391,500 jobs from October 2022 to October 2023, which is the most in the nation. Its annual growth rate of 2.9% surpasses the nation’s at 1.9%, as stated in the release.
This significant growth can be attributed to a variety of factors.
Abbott said in the release that the state's momentum showcases the resilience of its businesses and entrepreneurs, which contributes to Texas having the best business climate in the nation.
Moreover, this upward trajectory provides a positive outlook for future prospects.
"With more Texans working than ever before, we continue to build an even bolder Texas of tomorrow," Governor Abbott said according to the release.
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