Texas Unemployment Rate Hits 40 Year Low

Texas’ seasonally adjusted unemployment rate fell to 3.8 percent, setting a new record for the lowest unemployment rate recorded in four decades. The Texas economy added 54,500 seasonally adjusted nonfarm jobs in November. Annual employment growth for Texas increased to 2.7 percent in November, marking 91 consecutive months of annual growth. Nine of eleven major industries showed increased growth during the latest reporting period.